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On December 31, 20x1, ABC Co. assessed that its plant with carrying amount of 38,000,000 in impaired . ABC Co. made the following cash flow projections from net revenues to be derived from the plant:
Year Cash flows
20x2 12,000,000
20x3 10,000,000
20x4 9,000,000
20x5 8,000,000
Requirements:
Question 1: Compute for the impairment loss.
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