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Sylvia Company has a long-term plant asset with the following information as of the end of the year: Net book value $87,000 Estimated future cash

Sylvia Company has a long-term plant asset with the following information as of the end of the year:

Net book value $87,000 Estimated future cash flows $68,000 Fair value $60,000 The amount of the impairment loss is:

A.$155,000.

B.$8,000.

C $19,000.

D. $27,000.

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