Ham Co. has a machine that originally cost $1,000,000 and has a current book value...
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Ham Co. has a machine that originally cost $1,000,000 and has a current book value of $650,000. There has been a decrease in demand for the product made by the machine. Ham now estimates that it will receive cash flows of $60,000 per year for 10 years from using the machine. The estimated fair market value of the machine is $500,000. What is the amount of impairment, if any, of Ham's machine? $0 $50,000 $100,000 $150,000
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