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TB MC Qu. 11-153 (Algo) Oak Inc. has the following information... Oak Inc. has the following information regarding its assets: Equipment Building Patent Book Value

TB MC Qu. 11-153 (Algo) Oak Inc. has the following information... Oak Inc. has the following information regarding its assets: Equipment Building Patent Book Value $51,000 $ 84,000 $ 46,000 Estimated Cash Flows $46,000 $86,000 $50,000 Fair Value $48,000 $81,000 $48,000 What amount of loss should be recorded due to asset impairments

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