A fixed asset on the Ledger Company's books had the following associated values for the current year:

Question:

A fixed asset on the Ledger Company's books had the following associated values for the current year:
Carrying value ............. $ 12,500Fair value ................ $ 11,200Costs to sell ............. $ 600Present value of future cash flows ..... $ 10,950
What amount will Ledger's Controller book as an impairment loss under IFRS for the current year?a- $250
b-$1,300
c- $1,550
d- $1,900