Hart Corporation Owns Machinery with a Book Value of $285,000

question 137

Multiple Choice

Hart Corporation owns machinery with a book value of $285,000. It is estimated that the machinery will generate future cash flows of $300,000. The machinery has a fair value of $210,000. Hart should recognize a loss on impairment of

• A) $ -0-.
• B) $15,000.
• C) $75,000.
• D) $90,000.