Question: Devo Co. has an indefinite life intangible asset with a carrying value of $783,000. The undiscounted cash flows expected to be realized from that asset

Devo Co. has an indefinite life intangible asset with a carrying

Devo Co. has an indefinite life intangible asset with a carrying value of $783,000. The undiscounted cash flows expected to be realized from that asset total $829,000; the discounted cash flows are $580,000; and the fair value of the asset has been determined to be $651,000. What is the new carrying value of the asset after impairment loss has been recorded? O A. $132,000 B. OC. OD, $829,000 $580,000 $651,000

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