Kohlman Corporation owns machinery with a book value of $380,000. It is estimated that the machinery will generate future cash flows of $350,000. The machinery has a fair value of $280,000.
Kohlman should recognize a loss on impairment of:
a. $ - 0-. b. $ 30,000. c. $100,000. d. $ 70,000.
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Home » Business » Kohlman Corporation owns machinery with a book value of $380,000. It is estimated that the machinery will generate future cash flows of $350,000. The machinery has a fair value of $280,000. Kohlman should recognize a loss on impairment of: a. $ - 0-.