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Aqua True Company compiled the following information for its patent at December 31, 2025: Cost $13,440,000; Book value $11,420,000; Expected future net cash flows $11,440,000;

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Aqua True Company compiled the following information for its patent at December 31, 2025: Cost $13,440,000; Book value $11,420,000; Expected future net cash flows $11,440,000; and Discounted expected future net cash flows $11,220,000. The 2025 income statement would record a loss on impairment of a. $0 b. $20,000. c. $200,000. d. $2,220,000

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