XYZ Corporation owns equipment with a book value of $230,000. The equipment has a fair value less costs to sell of $195,000, expected future cash flows $210,000, and its value-in-use is $190,000. Under U.S. GAAP, XYZ Co. should recognize a loss on impairment ofSingle choice.

(3 Points)

a- Revaluation Surplus 20,000

b- $ 35,000

c- $ 0

d-$ 20,000

e-$ 40,000

f-None of the above is correct