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An impairment of fixed assets occurs every time: Optional Answers: 1. Book value is greater than the future (undiscounted) cash flows 2. Book value is

An impairment of fixed assets occurs every time: Optional Answers: 1. Book value is greater than the future (undiscounted) cash flows 2. Book value is less than the future (undiscounted) cash flows 3. A company reports a loss related to the sale of inventory 4. An asset isn't used for more than a month

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