10. King Corporation owns machinery with a book value of $560,000. It is estimated that the machinery will generate future cash flows of $500,000. The machinery has a fair value of $480,000. King should recognize a loss on impairment of a. 20,000 b. 60,000 c. 80,000 d. 0 11. Usually, companies compute depletion for accounting purposes using a a. Straight-line method b. Declining balance method c. Units of production method d. Percentage depletion method 4