write-downs. 6) In 2010, Mennora Corporation acquired production machinery at a cost of $410,000, which now has a book value of $190,000. The undiscounted cash flows from use of the machinery is $175,000. and it's fair value is $135,000. What amount should Menorrah recognize as a loss on impairment? A) $15,000 B) $40,000 C) $55,000 D) 0 - 7) In 2011. ZeeTee Inc, acquired production machinery at a cost of $630,000, which now has a accumulated depreciation of $380,000. The undiscounted cash flows from use of the machinery is $220,000. and it's fair value is $195,000. What amount should Condor recognize as a loss on impairment? A) $185,000 B) $55,000 C) $25,000 D) 0 - 8) A loss on impairment of an indefinite-life intangible asset is the difference between the asset's A) recoverable amount and the expected future net cash flows B) book value and its fair value C) carrying amount and its recoverable amount D) carrying amount and the expected future net cash flows 9) For which of the following does U.S. GAAP permit recognition of recovery of impairment? A) patents held for sale B) patents held for use C) goodwill D) none of these