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.

---

Definitions:

Compensatory Efforts

Actions taken to make up for deficiencies or weaknesses in other areas, often seen in psychological and educational contexts.

Overeating

The act of consuming food in quantities greater than the physiological need.

Overwhelming Anxiety

Intense feelings of worry, nervousness, or fear that are strong enough to interfere with one's daily activities or well-being.

Neurotransmitter Activity

The action and interaction of chemicals in the brain that transmit signals between nerve cells.