Impuirment Loss Oo May 1, 2019, Smooth, inc, purchased machineny lor 5360,000 , the estimated useful Me was eight years and the expected sakage value was 515 , 000, Straght line depregiation is used On Moy ?. 20121, econamic tadors cause the mainet value of the machinery to decresse to $190,000. On this date, Smooth evaluates whether the machinery is impared. a. Assume that on May 1, 2021: Smooth esbinates fukure eash flows relating to the use and disposal of the machineyy to be $270,000, is the machinery impaired at May 1,202t? If it is impared, what: is the amount of the insainsent loss? Whancheris loss 1