In 2010,Mennora Corporation acquired production machinery at a cost of $410,000,which now has a book value of $190,000.The undiscounted cash flows from use of the machinery is $175,000.and it's fair value is $135,000.What amount should Menorrah recognize as a loss on impairment?
A) $15,000
B) $40,000
C) $55,000
D) -0-
Correct Answer:
Verified
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