For each of the following scenarios, indicate whether an asset has been impaired (Y for yes and
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Book Value Fair Value Is Asset Impaired? Amount Estimated Future Cash Flows of Loss $ 9,500 $ 15,500 31,000 a. Machine b. Copyright c. Factory building $ 10,000 41,000 29,000 227,000 37,900 27,000 200,000 58,000 227,000 d. Building
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