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Holcomb Corporation owns machinery with a book value of $ 1 9 0 , 0 0 0 . Themachinery s fair value less costs to

Holcomb Corporation owns machinery with a book value of $190,000. Themachinerys fair value less costs to sell is $175,000, and its value-in-use is$200,000. Make the necessary journal entry (if any) to record the loss onimpairment.

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