On December 31,2018,CA Inc

question 116

Multiple Choice

On December 31,2018,CA Inc.had a machine with an original cost of $20,000 and accumulated depreciation of $5,000.An impairment test on that date indicated that the machine had a value in use of $12,000 and a fair value of $10,000 (no disposal costs) .What impairment loss is recorded for fiscal 2018?

• A)$3,000
• B)$5,000
• C)$8,000
• D)$10,000

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Definitions:

Striated

A type of muscle tissue marked with stripes or striae.

Bones

The rigid organs that constitute part of the endoskeleton of vertebrates, providing structure, protection to other systems, and assisting with bodily movements.

Muscle Tissue

A type of body tissue that contracts to produce movement, composed of muscle fibers.

BRCA Analysis

Genetic testing that identifies mutations in BRCA1 and BRCA2 genes, which are linked to an increased risk of breast and ovarian cancer.