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In 2016, Cilla Company acquired production machinery at a cost of $418,000, which now has accumulated depreciation of $250,000. The sum of undiscounted future cash
In 2016, Cilla Company acquired production machinery at a cost of
$418,000,
which now has accumulated depreciation of
$250,000.
The sum of undiscounted future cash flows from use of the machinery is
$195,000
and its fair value is
$148,000.
What amount should Cilla recognize as a loss on impairment?
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