C-Stop reports the following information at year-end:
Estimated
Book Value Cash Flows Fair Value
Building $ 500,000 $ 380,000 $ 360,000
Patent $ 35,000 $ 40,000 $ 38,000
Copyright $ 40,000 $ 38,000 $ 39,000
Machine $ 100,000 $ 120,000 $ 85,000
Based on the above information, what is the total amount of impairment loss that C-Stop should record at year-end?
A) $141,000.
B) $126,000.
C) $123,000.
D) $122,000.
Answer: A
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