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Business, 23.12.2019 22:31 Person51761

Regis inc. bought a machine on january 1, 2011 for $800,000. the machine had an expected life of 20 years and was expected to have a salvage value of $80,000. on july 1, 2021, the company reviewed the potential of the machine and determined that its future net cash flows totaled $400,000 and its fair value was $280,000. if the company does not plan to dispose of it, what should regis record as an impairment loss on july 1, 2021?

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Regis inc. bought a machine on january 1, 2011 for $800,000. the machine had an expected life of 20...
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