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Sheridan Company owns machinery with a book value of $761000. It is estimated that the machinery will generate future cash flows of $695000. The

Sheridan Company owns machinery with a book value of $761000. It is estimated that the machinery will generate future cash flows of $695000. The machinery has a fair value of $567000. Sheridan should recognize a loss on impairment of $66000. $128000. $194000. O $ -0-.

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