Kohlman Corporation owns machinery with a book value of $190,000.The machinery has a fair value less costs to sell is $175,000, and its value-in-use is $170,000.Kohlman should recognize a loss on impairment of

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The impairment loss is calculated as the difference between the book value and the recoverable amount, which is the higher of fair value less costs to sell ($175,000) and value-in-use ($170,000). The recoverable amount is $175,000, so the impairment loss is $190,000 - $175,000 = $15,000.

Kohlman Corporation Owns Machinery with a Book Value of $190,000