In 2011, Diller Company acquired production machinery at a cost of $860,000. The accumulated depreciation on the machinery is now $480,000. The undiscounted from use of the flows from use of the machinery is $335,000. The discount cash machinery is $270,000. The machine has a fair value of $290.000. Determine if an impairment loss has occurred Explain. If an impairment loss has occurred, provide the journal entry to record impairment loss