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Concord Corporation owns machinery with a book value of $759000. At the end of the current year, it is estimated that the machinery will generate

image text in transcribed Concord Corporation owns machinery with a book value of $759000. At the end of the current year, it is estimated that the machinery will generate future cash flows of $692000. If the machinery has a fair value of $550000 at that time, Concord should recognize a loss on impairment of $209000.$67000.$142000.$0

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