Mickey Mouse Corp , a company that makes all your dreams come true purchased machinery on January 1 2016 at a price of $100 000 . The company also paid $3 400 of freight - in to have the machine delivered to its manufacturing center , $5 500 of insurance while the machine was in transit , and $4 000 to have the machine installed . On January 1 2016 Mickey Mouse estimated that the machine would last for 10 years have a salvage value of $0 at the end of 10 years , and the company elected to use straight line depreciation . On December 31 2017 after the company recorded the 2017 depreciation expense entry , the company believed the asset may be impaired so it performed an impairment test . The company determined that the expected future net cash flows were $100 000 and the fair value was $60 000 . What is the amount of impairment loss recorded by Mickey Mouse Corp during 2017