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Dwng Xathity Company purchased equipment for $1,000,000 and has depreciated it using the straight-line method for the past 5 years. Its original life was estimated

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Dwng Xathity Company purchased equipment for $1,000,000 and has depreciated it using the straight-line method for the past 5 years. Its original life was estimated to be 10 years with a $200,000 residual value. Due to technology changes, the equipment's value to the company has declined. Management expects the equipment to generate net cash flows over the remaining years of $550,000. The asset's fair value at the end of the fifth year is $450,000. What is the amount of the asset impairment, if any? If none, state 0. ENTER A NUMBER, NO $ NEEDED

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