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TBB Corp. has the following information regarding three of its assets: Estimated Book Value Cash Flows Fair Value Equipment $ 106,000 $ 90,000 $ 100,000

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TBB Corp. has the following information regarding three of its assets: Estimated Book Value Cash Flows Fair Value Equipment $ 106,000 $ 90,000 $ 100,000 $200,000 Building $250,000 $195,000 $ 36,000 Patent $ 50,000 $ 58,000 What amount of loss should be recorded by TBB due to asset impairment? Select one: a. $30,000 b. $6,000 c. $29,000 d. $-0- e. $24,000

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