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Coronado Industries has equipment with a carrying amount of $2590000. The expected future net cash flows from the equipment are $2620000, and its fair value

Coronado Industries has equipment with a carrying amount of $2590000. The expected future net cash flows from the equipment are $2620000, and its fair value is $2039000. The equipment is expected to be used in operations in the future. What amount (if any) should Coronado report as an impairment to its equipment? $551000. $30000 No impairment should be reported. $581000

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