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vaughn corporation owns machinery with a book value of $770000. At the end of the current year, it is estimated that the machinery will generate
vaughn corporation owns machinery with a book value of $770000. At the end of the current year, it is estimated that the machinery will generate future cash flow of $71000. If the machinery has a fair value of $563000 at that time, vaughn should recognize a loss on impairment of
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