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DoDo Corp owns a patent with a carrying value (i.e. book value) of $95,000. The patent's fair value is $88,000. DoDo estimates future undiscounted

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DoDo Corp owns a patent with a carrying value (i.e. book value) of $95,000. The patent's fair value is $88,000. DoDo estimates future undiscounted future cash flows from the patent are $85,000, and future discounted future cash flows are $83,000. Is the patent impaired and if so, by how much? Select one: No, not impaired Yes, impaired by $12,000 Yes, impaired by $7,000 Yes, impaired by $10,000

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