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9.Intangible Company has a patent on their balance sheet at $150,000. The expected future cash flows from this patent is $130,000, and the fair market

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9.Intangible Company has a patent on their balance sheet at $150,000. The expected future cash flows from this patent is $130,000, and the fair market value of the patent is $140,000. Record the journal entry for impairment, if necessary. If no entry is required, explain why

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