Three cases are provided below concerning a plant asset currently used in operations Case Carrying Value Recoverable Cost Fair Value A $72,000 $108,000 $81,000 B 81,000 117,000 72,000 C 108,000 72,000 54,000 Required a Which case(s), if any, requires an impairment loss to be recognized, and for what amount Assume that indicators of impairment are present in all cases b Record the entry for the impairment loss on the case(s) identified in part a (if any)

Question: Three cases are provided below concerning a plant asset currently used in operations. Case Carrying Value Recoverable Cost Fair Value A $72,000 $108,000 $81,000 B

Three cases are provided below concerning a plant asset currently used in operations.

Case	Carrying Value	Recoverable Cost	Fair Value
A	$72,000	$108,000	$81,000
B	81,000	117,000	72,000
C	108,000	72,000	54,000

Required

a. Which case(s), if any, requires an impairment loss to be recognized, and for what amount? Assume that indicators of impairment are present in all cases.

b. Record the entry for the impairment loss on the case(s) identified in part a (if any).

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