During 2021, an event occurs which might indicate impairment of this piece of machinery (Impairment Step #1). Using the information below related to the machinery on 12/31/21, calculate the impairment amount, if any, on this piece of machinery on that date. (4 points) Acquisition Cost $300,000 Expected Salvage Value $10,000 Accumulated Depreciation $185,000 Fair Value $110,000 Undiscounted Expected Future Net Cash Flows from the Machinery $100,000 Impairment Step #2:

Impairment Step #3: