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34. Robertson Inc. bought a machine on January 1, 2000 for 300,000. The machine was...

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Accounting

34. Robertson Inc. bought a machine on January 1, 2000 for 300,000. The machine was to last 20 years and was to have a salvage value of 30,000. On July 1, 2010, the company reviewed the potential of the machine and determined that undiscounted future net cash flows totaled 150,000 and its discounted cash flows totaled 105,000. If no active market exists for the machine and the company does not plan to dispose of It, what should Robertson record as an impairment loss on July 1, 2010?A. 0B. 8,250C. 15,000D. 53,250

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