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Crane Company owns machinery with a book value of $759000. It is estimated that the machinery will generate future cash flows of $695000. The machinery

Crane Company owns machinery with a book value of $759000. It is estimated that the machinery will generate future cash flows of $695000. The machinery has a fair value of $563000. Crane should recognize a loss on impairment of $132000. $64000. $ -0-. $196000

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