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Devo Co. has an indefinite-life intangible asset with a carrying value of $782,000. The undiscounted cash flows expected to be realized from that asset total
Devo Co. has an indefinite-life intangible asset with a carrying value of $782,000. The undiscounted cash flows expected to be realized from that asset total $827,000; the discounted cash flows are $574,000; and the fair value of the asset has been determined to be $646,000. What is the new carrying value of the asset after impairment loss has been recorded?
A) $827,000
B) $646,000
C) $574,000
D) $136,000
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