Question: Show me the steps to solve Devo Co . has an indefinite - ife intangible asset with a carrying value of $ 8 0 0

Show me the steps to solve Devo Co. has an indefinite-ife intangible asset with a carrying value of $800,000. The undiscounted future cash flows expected to be realized from that asset total $828,000; the discounted cash flows are $578,000; and the fair value of the asset has been determined to be $647,000. What is the amount of the impairment loss to be recorded, if any?

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