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Amazon.com, Inc. owns a patent with a carrying value of $3,000,000. Due to changes in market conditions, an impairment test reveals that the fair value

Amazon.com, Inc. owns a patent with a carrying value of $3,000,000. Due to changes in market conditions, an impairment test reveals that the fair value of the patent has decreased to $2,000,000. Determine the impairment loss to be recognized by Amazon.com.

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