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Sandhill Corporation owns equipment with a cost of $290800 and accumulated depreciation at December 31...

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Accounting

Sandhill Corporation owns equipment with a cost of $290800 and accumulated depreciation at December 31 of $153400. It is
estimated that the machinery will generate future cash flows of $165000. The machinery has a fair value of $116400. Sandhill should
recognize a loss on impairment of
$0.
$27600.
$37000.
$11600.
image

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