Please answer the top question using the information from the bottom picture.

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Refer to the facts in A1022 and assume the company is following the accounting standards for private enterprises. Required: Is the machine impaired? If so, what is the amount of the impairment loss? Yuan Inc. has a large piece of machinery, and management has determined there is potential impairment. This piece of machinery has independent cash inflows. The following information relates to the machine: - Net book value is $14 million. - The machine could be sold for $6 million less a 10% commission. - If the company was forced to sell immediately, the proceeds would likely be $5 million. - If the machine continues to be used in production, it is anticipated to generate $3 million of cash flows for the next 5 years. It would require annual maintenance costs of $200,000 a year. The equipment could be sold for $100,000 at the end of the 5 years. - Assume Yuan has a discount rate of 6%. Required: Refer to the facts in A1022 and assume the company is following the accounting standards for private enterprises. Required: Is the machine impaired? If so, what is the amount of the impairment loss? Yuan Inc. has a large piece of machinery, and management has determined there is potential impairment. This piece of machinery has independent cash inflows. The following information relates to the machine: - Net book value is $14 million. - The machine could be sold for $6 million less a 10% commission. - If the company was forced to sell immediately, the proceeds would likely be $5 million. - If the machine continues to be used in production, it is anticipated to generate $3 million of cash flows for the next 5 years. It would require annual maintenance costs of $200,000 a year. The equipment could be sold for $100,000 at the end of the 5 years. - Assume Yuan has a discount rate of 6%. Required