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Desert Company determined a piece of machinery to be impaired. They make the decision to discontinue use of the machine and hold it for sale.

Desert Company determined a piece of machinery to be impaired. They make the decision to discontinue use of the machine and hold it for sale. Desert reports the following information as of December 31st for the machine. What do they report for impairment loss on their year-end income statement?

Historical Cost	263,929
Accumulated Depreciation	48,268
Fair Value	122,439
Estimated Selling Price	154,411
Estimated Costs to Sell	11,180

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