Question: Please help and explain how you got your answer. if right i will like post, (also please tell me how to comment so i can
Please help and explain how you got your answer. if right i will like post, (also please tell me how to comment so i can comment if wrong instead of thumbs down)
iv tried book value - fair value 20,000-19,000 = $1,000 however it was wrong so was negative 1k
3. Assume that on January 2, 2019 , the copyrighted item was impaired in its ability to continue to produce strong revenues. The other intangible assets were not affected. Starn estimated that the copyright would be able to produce future cash flows of $20,000. The fair value of the copyright was determined to be $19,000. Compute the amount, if any, of the impairment loss to be recorded
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