Ivanhoe Corporation owns equipment with a cost of $294800 and accumulated depreciation at December 31 of $151500. It is estimated that the machinery will generate future cash flows of $167700. The machinery has a fair value of $115500. Ivanhoe should recognize a loss on impairment of $16200. $24400 $36000. $0. Blossom Company purchased a depreciable asset for $35160 on October 1,2020 . The estimated salvage value is $7800, and the estimated useful life is 6 years. The straight-line method is used for depreciation. What is the book value on July 1,2022 when the asset is sold? $27180 $12306 $7980 $19380 Sunland Corporation owns machinery with a book value of $519000. It is estimated that the machinery will generate future cash flows of $459000. The machinery has a fair value of $406000. Sunland should recognize a loss on impairment of $113000. $0. $60000. $53000