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Rosario purchased the secret recipe in 2016. In late 2020, there was a material downturn in demand for this menu item. The following information is

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Rosario purchased the secret recipe in 2016. In late 2020, there was a material downturn in demand for this menu item. The following information is available for Syed Company's secret recipe Cost $270 Carrying amount 270 Expected future net cash flow Fair value Syed would record a loss on impairment of: 300 260

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