A company has the following information regarding its assets: Equipment Building Patent What amount of loss should be reported due to asset impairments? Multiple Choice O O O Book Value $ 45,000 $ 78,000 $ 40,000 O $10,000 $9,000 $8,000 $7,000 Estimated Cash Flows Fair Value $ 40,000 $ 38,000 $ 80,000 $ 75,000 $ 44,000 $ 42,000

A company has the following information regarding its assets: What amount of loss should be reported due to asset impairments? Multiple Choice $9,000 $10,000 $8,000 $7,000 A company has the following information regarding its assets: What amount of loss should be reported due to asset impairments? Multiple Choice $9,000 $10,000 $8,000 $7,000