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Determine the amount of the impairment loss

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Reference no: EM133020552

Problem - A company has the following three assets with the information provided:

($ in millions)

Equipment

Land

Building

Book value

$8

$20

$12

Estimated total future cash flows

6

35

14

Fair value

5

30

10

Required - Determine the amount of the impairment loss, if any.

Reference no: EM133020552

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