Business, 17.12.2019 18:31 sophiaa23

On january 1, 2010, menzel industries purchased a machine for $120,000. at that time, menzel estimated that the machine had a 20-year useful life and a $12,000 salvage value. on july 1, 2020, menzel reviewed the machine’s potential, determining that its undiscounted future net cash flows totaled $60,000 and its discounted future net cash flows totaled $45,000. menzel has no plans to dispose of the machine, in part because no active market exists for it. assuming that menzel uses straight-line depreciation, menzel should record an impairment loss of $ related to the machine on july 1, 2020.
a : $8,300
b : $6,700
c : $18,300
d : $3,300

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