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Ross Co. reported the net book value of its building to be $600,000 on Dec. 30. An impairment loss of $80,000 was recorded a day

Ross Co. reported the net book value of its building to be $600,000 on Dec. 30. An impairment loss of $80,000 was recorded a day later. What is the net book value of this building on Dec. 31? $600,000 $80,000 $520,000

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