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ACME Drilling is evaluating an offshore oil-drilling platform for possible impairment. The company estimates the...

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Accounting

ACME Drilling is evaluating an offshore oil-drilling platform for possible impairment. The company estimates the following: book value, $18.9 million; fair value, $11.9 million; sum of estimated future cash flows generated from the oil-drilling platform, $15.1 million.
What amount of impairment loss, if any, should ACME record?

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