Maple Inc. has the following information regarding its assets:
Estimated
Book Value Cash Flows Fair Value
Equipment $ 35,000 $ 30,000 $ 28,000
Building $ 68,000 $ 70,000 $ 65,000
Patent $ 30,000 $ 34,000 $ 32,000
What amount of loss should be recorded due to asset impairment?
A) $10,000.
B) $9,000.
C) $8,000.
D) $7,000.
Answer: D
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