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Goldman Sachs Group, Inc. acquired a trademark for $500,000 on January 1st, 2023. The trademarkhasanindefiniteusefullife.Calculatetheannualimpairmentlossforthetrademark, assuming the fair value of the trademark decreased to $400,000

Goldman Sachs Group, Inc. acquired a trademark for $500,000 on January 1st, 2023. The trademark has an indefinite useful life. Calculate the annual impairment loss for the trademark, assuming the fair value of the trademark decreased to $400,000 at the end of the year.

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