Pharoah Corporation owns equipment with a cost of $289600 and accumulated depreciation at December 31 of $151200. It is estimated that the machinery will generate future cash flows of $167900. The machinery has a fair value of $119900. Pharoah should recognize a loss on impairment of $0. O $16700. ○ $29500. ○ $31300.

Cullumber Corporation owns equipment with a cost of $294900 and accumulated depreciation at December 31 of $152200. It is estimated that the machinery will generate future cash flows of $166600. The machinery has a fair value of $115200. Cullumber should recognize a loss on impairment of O $23900. O $0. O $14400 O $37000.

Bramble Corp. owns machinery with a book value of $582000. It is estimated that the machinery will generate future cash flows of $601000. The machinery has a fair value of $417000. Bramble should recognize a loss on impairment of $184000. $150250. $19000. $ -0-.

Crane Company owns machinery with a book value of $750000. It is estimated that the machinery will generate future cash flows of $690000. The machinery has a fair value of $550000. Crane should recognize a loss on impairment of $200000. a. $ -0-. b. $140000. c. $60000.