For each of the following scenarios, indicate whether a long-term asset has been impaired (Y for yes and N for no) and, if so, the amount of the loss that should be recorded.

Asset _Carrying Amount _ Value in Use __Fair Value _ Impaired? (Y or N) _Amount of Loss

a. Equipment....$180,000 ............$140,000 ........$100,000 ............Y ..................$40,000

b. Trademark....$320,000.............$460,000 .........$375,000 ...........N .................. -

c. Land ...........$52,000 ...............$24,000 ..........$21,000 ...........Y ...............$28,000

d. Factory building ....$9 million ....$9 million .......$7 million .........N .....................-