What Impairment, If Any, Exists on This Product Line A)$0
B)$900,000
C)$1,200,000
D)$4,000,000

question 37

Multiple Choice

What impairment, if any, exists on this product line? $$\begin{array} { | l | r | } \hline & \text { Product CDC } \\\hline \text { Original cost } & \$ 5,200,000 \\\hline \text { Accumulated depreciation } & 2,100,000 \\\hline \text { Fair value } & 4,500,000 \\\hline \text { oosts to sell } & 500,000 \\\hline \text { Value in use } & 4,300,000 \\\hline\end{array}$$

• A)$0
• B)$900,000
• C)$1,200,000
• D)$4,000,000

---

Definitions:

Total Assets

The sum of all assets owned by a company, including both current (short-term) and non-current (long-term) assets, representing the total resources at its disposal.

Income Statement

A document detailing a firm's incomes and expenditures within a certain timeframe, ultimately revealing the net profit or deficit for that interval.

Revenues

The aggregate sum of funds a business accrues from selling goods or delivering services in a given timeframe.

Expenses

Costs incurred by a business in the process of earning revenue, often classified as operating or non-operating expenses.