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The following information is available for Crane Company's patents: Cost $2840000 1320000 Carrying amount Expected future net cash flows 1012000 Fair value 1000000 Crane would

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The following information is available for Crane Company's patents: Cost $2840000 1320000 Carrying amount Expected future net cash flows 1012000 Fair value 1000000 Crane would record a loss on impairment of $1828000. $1320000. $320000. $308000

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