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The following information is available for Rigantona Company's patents, which is a limited life intangible asset. Cost Carrying amount Expected future net cash flows Fair

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The following information is available for Rigantona Company's patents, which is a limited life intangible asset. Cost Carrying amount Expected future net cash flows Fair Value $3,340,000 1,820,000 1,502,000 1,250,000 Rigantona would record a loss on impairment of 1,820,000 O 570,000 O 1,838,000 O 318,000

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