Current Attempt in Progress

In January, $2018,$ Carla Vista Corp. purchased a patent for a new consumer product for $$978000.$ At the time of purchase, the patent

was valid for $15$ years. Due to the competitive nature of the product, however, the patent was estimated to have a useful life of only

ten years. During $2023,$ the product was permanently removed from the market because of a potential health hazard. What amount

should Carla Vista recognize as an impairment loss for calendar $2023,$ assuming amortization has been recorded annually using the

straight$-$line method with no residual value?

$$489000$

$$652000$

$$97800$

$$65200$

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