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Company Z has a patent on its books with a carrying value of $45,000. The company finds that the expected future net cash flows from

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Company Z has a patent on its books with a carrying value of $45,000. The company finds that the expected future net cash flows from this patent is $50,000. The fair value of the patent is $43,000. Record the impairment loss, if any. $2,000 Not enough information $7,000 No impairment loss

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