Apple Inc. purchased a security for $$124,000$ and established fair value method. One year later, the security is worth $$110,000,$ in which was later classified as a nonreversible decrease. Which is true in relation to the above statement?

Group of answer choices

The security is impaired by $$110,000.$

The security experienced a gain of $$14,000.$

The security$$s cost should be changed to $$110,000.$

The fair value adjustment account needs to credited for $$14,000.$