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Business, 19.12.2019 22:31 FatCatcreator

Grouper corporation owns a patent that has a carrying amount of $280,000. grouper expects future net cash flows from this patent to total $200,000. the fair value of the patent is $128,000. prepare grouper’s journal entry to record the loss on impairment

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Grouper corporation owns a patent that has a carrying amount of $280,000. grouper expects future net...
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