On January 2, 2017, Deck Inc. purchased machinery with a cost of $10,440,000, a useful life of 10 years and no salvage value. The company uses straight-line depreciation. At December 31, 2017 and December 31, 2018, the company determines that impairment indicators are present. The following information is available for impairment testing at each year end 12/31/2017 12/31/2018 Fair value less costs to sell $9,315,000 $9,350,000 $8,850,000 $8,915,000 Value-in-use There is no change in the asset's useful life or salvage value. The 2018 income statement will report (impairment loss or recovery of impairment loss) minus sign in answer. of S NB. if reporting a loss, use On April 15 of the current year, a fire destroyed the entire uninsured inventory of a retail store. The following data are available 1 thrnunh Anril 15 $300,000