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Watenway industries owns machinery with a book value of $585000. It is estimated that the machinery will generate future cash flows of $592000. The machinery

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Watenway industries owns machinery with a book value of $585000. It is estimated that the machinery will generate future cash flows of $592000. The machinery has a fair value of $426000. Waterway should recognize a loss on impairment of $166000. $5.0 $148000 57000

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