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106. The following information is available for Barkley Company's patents: Cost $3,440,000 Carrying amount 1,720,000 Expected future net cash flows 1,600,000 Fair value 1,300,000 Barkley

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106. The following information is available for Barkley Company's patents: Cost $3,440,000 Carrying amount 1,720,000 Expected future net cash flows 1,600,000 Fair value 1,300,000 Barkley would record a loss on impairment of a. $ 120,000. b. $ 420,000. 0. $1,720,000. d. $1,840,000

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