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Walking Company thinks that they may have an impairment of one of the most valuable pieces of equipment they own. The cost of the equipment

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Walking Company thinks that they may have an impairment of one of the most valuable pieces of equipment they own. The cost of the equipment is $2,000,000 dollars and the accumulated depreciation is $400,000. The future cash flow of the equipment is estimated at $1,400,000. The fair value of the equipment is $1,300,000. Please determine if an impairment has happened and make any necessary journal entries if one has

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