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you u.. Saved 7 Company Hansen has a machine with a cost of $70,000 and accumulated depreciation of $37,600. The company has a reason to

you u.. Saved 7 Company Hansen has a machine with a cost of $70,000 and accumulated depreciation of $37,600. The company has a reason to believe that the machine has been impaired. The company estimated future cash flows from the machine to be $30,000 and fair value of the machine to be $31,000. Is the machine impaired? Explain your reasoning and provide the amount of impairment charge to the machine, if any. (3 points)image text in transcribed

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