The demand for one of the major products for a company sustained large and continuing declines. As a result, the company performed an asset impairment test on the fixed assets that were associated with the product. The book value of those assets was $2,000,000. The company estimated that the future undiscounted cash flows associated with those assets were $1,920,154. The fair value of those assets was 1,603,335. What amount of impairment should the company record?Provide your answer to the whole dollar (i.e., no decimal places).

Answer rating: 100% (QA)

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