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here all information provided Oak Inc. has the following information regarding its assets: Estimated Book Value Cash Flows Fair Value Equipment $ 53,000 5 48,000

here all information provided

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Oak Inc. has the following information regarding its assets: Estimated Book Value Cash Flows Fair Value Equipment $ 53,000 5 48,000 $ 50,000 Building $ 86,000 S 88,010 5 83,000 Patent $ 48,000 $ 52,000 50,000 What amount of loss should be recorded due to asset impairments? Select one. A. $3000. C. S400D. D. $5000

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