8.

Company Z has a patent on its books with a carrying value of $78,000. The company finds that the expected future net cash flows from this patent is $55,000. The fair value of the patent is $52,000. Record the impairment loss, if any.

Group of answer choices

No impairment loss

$26,000

Not enough information

$23,000

9.

Which of the following is never considered an R&D cost?

Group of answer choices

Materials

Personnel

Advertising

All of these costs could be considered R&D