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Business, 19.11.2019 05:31 gillkan

Lebanon corporation owns equipment with a cost of $320,000 and accumulated depreciation at december 31, 2017 of $120,000. it is estimated that the machinery will generate future cash flows of $175,000. the machinery has a fair value of $155,000. if lebanon uses ifrs, the company should recognize a loss on impairment )$0.(b)$25,000.(c)$35,000.(d)$45,00 0.

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