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Calculate impairment loss: a piece of equipment has the following balance, what is the amount of impairment loss to be recorded: Purchase Price: $15,000 Accumulated

Calculate impairment loss: a piece of equipment has the following balance, what is the amount of impairment loss to be recorded: Purchase Price: $15,000 Accumulated Amortization: $10,000 Recoverable amount: $1,500.

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