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Conchrd Corporation has equipment with a carrying amount of $2560000. The expected future net cash flows from the equipment are $2595000, and its fair value

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Conchrd Corporation has equipment with a carrying amount of $2560000. The expected future net cash flows from the equipment are $2595000, and its fair value is $2047000. The equipment is expected to be used in operations in the future. What amount (if any) should Concord report as an impairment to its equipment? No impairment should be reported. $548,000. $513000. $35000

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