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Current Attempt in Progress Marigold Company owns equipment that cost $936,000 and has accumulated depreciation of $395,200. The expected future net cash flows from the

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Current Attempt in Progress Marigold Company owns equipment that cost $936,000 and has accumulated depreciation of $395,200. The expected future net cash flows from the use of the asset are expected to be $520,000. The fair value of the equipment is $416,000. Prepare the journal entry, if any, to record the impairment loss. Of no entry is required, select "No entry" for the occount tities and enter Of or the amounts, Credit occount titles are automatically indented when amount is entered, Do not indent manually Lst debit entry before credit entry]

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