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In 2019, Cosco Company acquired production machinery at a cost of $414,000, which now has accumulated depreciation of $250,000. The sum of undiscounted future cash
In 2019, Cosco Company acquired production machinery at a cost of $414,000, which now has accumulated depreciation of $250,000. The sum of undiscounted future cash flows from the use of the machinery is $199,000 and its fair value is $148,000.
What amount should Cosco recognize as a loss on impairment?
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