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choose from the choices below: Sunland Corporation owns equipment with a cost of $290500 and accumulated depreciation at December 31 of $153300. It is estimated

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Sunland Corporation owns equipment with a cost of $290500 and accumulated depreciation at December 31 of $153300. It is estimated that the machinery will generate future cash flows of $164800. The machinery has a fair value of $117700. Sunland should recognize a loss on impairment of $11500. $0. $27600. $35600

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