a. P purchased a machine on Jan 1, 2024 for $84437 with an estimated useful life of 12 years and no salvage valu.
b. P uses the straight line depreciation method
c. On December 31, 2029 technological changes suggest the machine may be impaired.
d. On December 31, 2029 the machine is expected to generate net cash flows of $7080 per year over its remaining life.
e. On December 31, 2029 the fair value of the machine is 335256.52.
i. On Dec 31, 2029 the carrying value of the machine before any impairment loss is:
ii. On Dec 31, 2029 the impairment loss, if any, is (enter as a negative amount): iii. On Dec 31, 2029 the carrying value of the machine after any impairment loss is