Maple Inc Has the Following Information Regarding Its Assets What Amount of Loss Should Be Recorded Due to Asset

question 62

Multiple Choice

Maple Inc. has the following information regarding its assets: $$\begin{array} { | l | l | l | l | } \hline & \begin{array} { l } \text { Book } \\\text { Value }\end{array} & \begin{array} { l } \text { Estimated } \\\text { Cash Flows }\end{array} & \begin{array} { l } \text { Fair } \\\text { Value }\end{array} \\\hline \text { Equipment } & \$ 35,000 & \$ 30,000 & \$ 28,000 \\\hline \text { Building } & \$ 68,000 & \$ 70,000 & \$ 65,000 \\\hline \text { Patent } & \$ 30,000 & \$ 34,000 & \$ 32,000 \\\hline\end{array}$$ What amount of loss should be recorded due to asset impairments?

• A) $10,000
• B) $9,000
• C) $8,000
• D) $7,000

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