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What sheridan would record a loss on impairment of

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Reference no: EM132784107

The following information is available for Sheridan Company's patents:

Cost $3090000

Carrying amount 1570000

Expected future net cash flows 1257000

Fair value 1125000

Problem 1: Sheridan would record a loss on impairment of

Option 1: $1570000.

Option 2: $445000.

Option 3: $1833000.

Option 4: $313000.

Reference no: EM132784107

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