What amount of loss should be recorded due to asset impairment?

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What amount of loss should be recorded due to asset impairment?

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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