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Bonita Corporation owns machinery with a book value of $755000. At the end of the current year, it is estimated that the machinery will
Bonita Corporation owns machinery with a book value of $755000. At the end of the current year, it is estimated that the machinery will generate future cash flows of $710000. If the machinery has a fair value of $557000 at that time, Bonita should recognize a loss on impairment of O $45000. $0 O $198000. O $153000.
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