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Bramble inc. bought a machine on January 1,2016 for $799000. The machine had an expected...

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Accounting

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Bramble inc. bought a machine on January 1,2016 for $799000. The machine had an expected life of 20 years and was expected to have a salvage value of $81000. On July 1,2026, the company reviewed the potential of the machine and determined that its future net cash flows totaled $401000 and its fair value was $316000. If the company does not plan to dispose of the machine, what should Bramble record as an impairment loss on July 1, 2026? $106050 50 $21050 $4000

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