Cathy Company acquired a machine to use in its computer chip manufacturing operations on January 1, 2018. Due to the rapid rate of technological change in the industry, at the beginning of 2021, Cathy tested the machine for an impairment loss. The following data relate to this machine: Cost: $40 million Accumulated depreciation at the beginning of 2021: $25 million Fair market value at the beginning of 2021: $9.5 million Estimated sum of undiscounted future net cash inflows to be generated through use of the machine for the remaining years of its life: $16 million After the impairment test, the machine should be reported at a net amount of: $40 million $16 million O $9.5 million $15 million