Based on the information below, what amount of impairment loss would be reported?
Estimated
Asset Fair value cash flows Book value
Equipment $ 25,000 $ 36,000 $ 30,000
Truck $ 34,000 $ 45,000 $ 42,000
Building $ 135,000 $ 138,000 $ 140,000
A) $5,000.
B) $23,000.
C) $13,000.
D) $18,000.
Answer: A
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