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Company Z has a patent on its books with a carrying value of $78,000. The company finds that the expected future net cash flows from

image text in transcribed Company Z has a patent on its books with a carrying value of $78,000. The company finds that the expected future net cash flows from this patent is $55,000. The fair value of the patent is $52,000. Record the impairment loss, if any. No impairment loss $23,000 Not enough information $26,000

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