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Impairment Loss On May 1, 2016. Smooth, Inc. purchased machinery for $360,000, the estimated useful...

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Accounting

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Impairment Loss On May 1, 2016. Smooth, Inc. purchased machinery for $360,000, the estimated useful life was eight years and the expected svage value was $15.000. Straighine depreciation R 1. 2018, economic factors cause the market value of the machinery to decrease to 5190,000. On this date Smoothvates whether the machinery is impaired ed On My May 2012 pred a. Assume that on May 1, 2018 Smooth estimates future cash flows relating to the use and disposal of the machinery to be $270,000 is the machinery impaired what is the amount of the momentos? Impairment loss May 1, 2017 impaired b. Assume that on May 1, 2018 Smooth estimates future cash flows relating to the use and disposal of the machinery to be 230.000 is the machinery impaired what is the moth ers Impamentos Check

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