In 2011,Yondoor Inc.Company acquired production machinery which now has a book value of $740,000.The undiscounted cash flows from use of the machinery is $365,000.and it's fair value is $305,000.Yondoor has determined that an impairment loss has occurred.What is the carrying value of the machinery after the journal entry to record the impairment loss has been recorded?
A) $445,000
B) $375,000
C) $365,000
D) $305,000
Correct Answer:
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