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Kenoly corporation owns a patent that has carrying amount of $300,00 , Kenoly expects future net cash flows from this patent to total $190,000. the

Kenoly corporation owns a patent that has carrying amount of $300,00 , Kenoly expects future net cash flows from this patent to total $190,000. the fair value of the patent is $110,000. prepare Kenoly's journal entry if necessary, to record the losson impairment

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