Giannis Inc. has the following data available regarding its investment in The Bucks:

Carrying Value: $400,000

PV of future cash flows (discounted at the current market rate): $350,000

Selling Price of Investment: $405,000

Taking Collateral over the Investment: 390,000

How much is the impairment loss for this investment under the Incurred Loss Model (assuming ASPE is used)?

Question 10 options:

	$10,000
	No impairment incurred
	$5,000
	$50,000