Animation Company Limited owns a trademark with an unlimited useful life. On December 31, 2023, due to a change in customer tastes, Animation Company gathered the following data about the trademark for the purposes of an impairment test.

Carrying value $86,300

Fair value 57,000

Fair value less costs to sell 43,000

Value in use 97,000

a.	Assume that Animation Company is reporting under ASPE. Determine if the trademark is impaired on December 31, 2023.
	Impairment loss	=
b.	Assume that Animation Company is reporting under IFRS. Determine if the trademark is impaired on December 31, 2023.
	Impairment loss