Waterway Corporation owns machinery with a book value of $758000. At the end of the current year, it is estimated that the machinery will generate future cash flows of $701000. If the machinery has a fair value of $556000 at that time, Waterway should recognize a loss on impairment of O $57000. O $145000. O $202000. O $0

Waterway Corporation owns machinery with a book value of $758000. At the end of the current year, it is estimated that the machinery will generate future cash flows of $701000. If the machinery has a fair value of $556000 at that time, Waterway should recognize a loss on impairment of $57000. $145000, $202000. 50