Shetheld Corp. owns machinery with a book value of $571000. It is estimated that the machinery will generate future cash flows of $590000. The machinery has a fair value of $413000. Sheffield should recognize a loss on impairment of $-0- $147500 $177000. $19000 Coronado Industries acquired a tract of land containing an extractable natural resource. Coronado is required by the purchase contract to restore the land to a condition suitable for recreational use after it has extracted the natural resource, Geological surveys estimate that the recoverable reserves will be 5000000 tons, and that the land will have a value of $593000 after restoration Relevant cost information follows: Land $6310000 Estimated restoration costs 1280000 If Coronado maintains no inventories of extracted material, what should be the charge to depletion expense per ton of extracted material? $1.26 $1.40 $1.60 $1.52