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Question 30 5pts Madison Company purchased a machine on February 1, 2018, for $200,000. On December 31. 2021. when the book value of the machine

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Question 30 5pts Madison Company purchased a machine on February 1, 2018, for $200,000. On December 31. 2021. when the book value of the machine is $90,000, Madison Company checks to see if the machine is impaired. Due to recent technological advances Madison Company expects the machine to generate future cash flows of $70,000. If Madison Company estimates the current fair market value of the machine is $55,000 on December 31, 2021. what amount of impairment loss (if any) should be recorded

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