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What do they report for impairment loss

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Question - Desert Company determined a piece of machinery to be impaired. They make the decision to discontinue use of the machine and hold it for sale. Desert reports the following information as of December 31st for the machine. What do they report for impairment loss on their year-end income statement?

Historical Cost 263,929

Accumulated Depreciation 48,268

Fair Value 122,439

Estimated Selling Price 154,411

Estimated Costs to Sell 11,180

Reference no: EM133158389

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