C-Stop Reports the Following Information at Year-End: Based on the Above

question 22

Multiple Choice

C-Stop reports the following information at year-end: Based on the above information,what is the total amount of impairment loss that C-Stop should record at year end?
$$\begin{array} { | l | r | r | r | } \hline & \text { Book Value } & \begin{array} { r } \text { Estimated } \\\text { Cash Flows }\end{array} & \text { Fair Value } \\\hline \text { Building } & \$ 500,000 & \$ 380,000 & \$ 360,000 \\\hline \text { Patent } & \$ 35,000 & \$ 40,000 & \$ 38,000 \\\hline \text { Copyright } & \$ 40,000 & \$ 38,000 & \$ 39,000 \\\hline \text { Machine } & \$ 100,000 & \$ 120,000 & \$ 85,000 \\\hline\end{array}$$

• A)$141,000.
• B)$126,000.
• C)$123,000.

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