Question: Anthara Corporation had a machine whose Book value at the end of 2003 was $16,000 and a Building with Book value of $40,000. The undiscounted

Anthara Corporation had a machine whose Book value at the end of 2003 was $16,000 and a Building with Book value of $40,000. The undiscounted future cash flows from the Machine and the Building were estimated as $10,000 and $41,000 respectively. The fair market values of the machine and the building were $9,000 and $39,000 respectively. How much should Anthara report as impairment loss for the machine and for the building in 2003?

1. Machine

2. Building

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