Kohlman Corporation Owns Machinery with a Book Value of $190,000

question 28

Multiple Choice

Kohlman Corporation owns machinery with a book value of $190,000.The machinery has a fair value less costs to sell is $175,000, and its value-in-use is $170,000.Kohlman should recognize a loss on impairment of

• A)$ -0-.
• B)$5,000.
• C)$15,000.
• D)$20,000.

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