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Gleim Internet, Inc. (US 3 4 5 67 8 9 10 11 12 13 14 15 16R 17 18 19 20R 21 22 23 24

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Gleim Internet, Inc. (US 3 4 5 67 8 9 10 11 12 13 14 15 16R 17 18 19 20R 21 22 23 24 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 50 51 52 53 541 551 56 57 581 59 606 62 63H 64 65 66 67 68 69 70 72 73 Fact Pattern: Blake Corporation has determined that one of its machines has experienced an impairment in value. this machine. Selected information on the impaired asset (on the date that impairment was determined to exist) is provided below Original cost of the machine Carrying amount of the machine Undiscounted future cash flows expected to be generated by the $22,000 20,000 15,000 12,000 machine Fair value of the machine (determined by calculating the present value of the future cash flows expected to be generated by the machine) What is the amount of the impairment loss to be recorded by Blake? O $3,000 o $8,000 O $7.000 O $5,000

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