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22. Your company rents computers to local businesses and schools. You have 1,000 computers with a book value of $160.000. As a result of changing

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22. Your company rents computers to local businesses and schools. You have 1,000 computers with a book value of $160.000. As a result of changing technology, your computers are more difficult to rent so you must drastically reduce your rental price, which causes a decrease in estimated future cash flows. The fair value of the computers is estimated to be $125,000 because of their outdated technology. Your company should report an asset impairment loss of O $o. O $35,000 $125,000 O $160,000

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