Find what amount should tami recognize on impairment

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Reference no: EM132838318

Problem 1: In 2021, Tami Company acquired production machinery at a cost of $410,000, which now has an accumulated depreciation of $355,000. The undiscounted cash flows from use of the machinery is $225,000 and its fair value is $185,000. What amount should Tami recognize as a loss on impairment?

A) $20,000

B) $35,000

C) $70,000

D) -0-

Reference no: EM132838318

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