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Cullumber Corporation owns equipment with a cost of $294900 and accumulated depreclation at December 31 of $152200. It is estimated that the machinery will generate

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Cullumber Corporation owns equipment with a cost of $294900 and accumulated depreclation at December 31 of $152200. It is estimated that the machinery will generate future cash flows of $166600. The machinery has a fair value of $115200. Cullumber should recognize a loss on impairment of $23900. 50 . $14400. $37000

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