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Desert Company determined a piece of machinery to be impaired. They make the decision to continue use of the machine. Desert reports the following

Desert Company determined a piece of machinery to be impaired. They make the decision to continue use of the machine. 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 Accumulated Depreciation 153,439 26,720 Fair Value 116,757 Undiscounted Sum of Net Future 115,825 Cash Flows

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