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Question 11 (3 points) Rocky Co has the following information about its copyrights on 12/31: Cost: $ 300,000 Expected total future net cash flows: $

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Question 11 (3 points) Rocky Co has the following information about its copyrights on 12/31: Cost: $ 300,000 Expected total future net cash flows: $ 158,000 Carrying value: $ 180,000 Fair value: $ 142,000 What amount (if any) should Rocky report as an impairment loss to its copyrights? O $22,000. O$16,000. $0. $38,000

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