During 2019, Herzs circuit board business is experiencing significant competition from companies with more advanced lowheat circuit boards As a result, at June 30, 2019, Herz conducts an impairment evaluation of the stamping machine purchased in 2017 Herz determines that undiscounted future cash flows for the machine are estimated to be $60,000 and the fair value of the machine, based on prices in the resale market, to be $52,000