A Company	B company	C company
Type of asset	Truck	Building	Trademark
Book Value	$600,000	$700,000	$500,000
Undiscounted future net cash flows	980,000	680,000	510,000
fair value of the asset	750,000	600,000	$430,000
Estimated useful life	7 aos	25 aos	unlimited (It is renewed every 10 years)

19. Based on the information provided, determine how much impairment loss Company A should report for the truck.

Select one:

to. $380,000

b. $0

c. $150,000

d. $10,000

20. Company B reported an impairment loss of $20,000 on its 2023 Statement of Income and Expenses. Based on the information provided, the company's Net Income is

Select one:

to. overestimated by $80,000.

b. overestimated by $100,000.

c. underestimated by $100,000.

d. correctly computed.

21. Based on the information provided, determine how much impairment loss is that Company C must report for the Trademark.

Select one:

to. $0

b. $10,000

c. $70,000

d. $50,000