Question: Devo Co. has an indefinite-life intangible asset with a carrying value of $ 786,000. The undiscounted cash flows expected to be realized from that asset

Devo Co. has an indefinite-life intangible asset with a carrying value of $ 786,000. The undiscounted cash flows expected to be realized from that asset total $ 832,000; the discounted cash flows are $ 575,000; and the fair value of the asset has been determined to be $ 655,000. What is the new carrying value of the asset after impairment loss has been recorded?

A. $575,000

B. $832,000

C. $131,000

D. $655,000

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