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D Question 12 Company X reported the following transactions: 1. A company purchased a piece of equipment by taking out $283 loan. 2. The company

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D Question 12 Company X reported the following transactions: 1. A company purchased a piece of equipment by taking out $283 loan. 2. The company reported $30 of depreciation expense for the equipment during the year. 3. The company reported an impairment loss of $23 on the equipment. What is the net effect of these transactions on the company's assets

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