1. You are checking a business unit for impairment. The unit has three assets ingeniously labeled Asset A, Asset B, and Asset 3. The unit itself has two potential uses for fair value estimates. Under the first use, Asset A has a fair value of $1,000, Asset B has a fair value of $2,000 and Asset C has a fair value of $3,000. Under the second use, Asset A has a fair value of $100, Asset B has a fair value of $500, and Asset C has a fair value of $5,000.

Required:

Determine the fair value estimate for each asset and the business unit as a whole. Support your answer with an example from the codification that provides guidance on a similar situation.