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Oak Inc. has the following information regarding its assets: Book Value Estimated Cash Flows Fair Value Equipment $43,000 $38,000 $40,000 Building $76,000 $78,000 $73,000 Patent

Oak Inc. has the following information regarding its assets: Book Value Estimated Cash Flows Fair Value Equipment $43,000 $38,000 $40,000 Building $76,000 $78,000 $73,000 Patent $38,000 $42,000 $40,000 What amount of loss should be recorded due to asset impairments

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