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a major fire damages a significant part of the building. Reval inc has no insurance and the value of the damaged building is impaired, such

a major fire damages a significant part of the building. Reval inc has no insurance and the value of the damaged building is impaired, such that rhe remainder of the building has a value of only $250,000. Show the entries to reflect the impairment on January 1, 20×5

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