HelloWorld owns a press used in the production of fine paper products. The press originally cost 1078, and it has an accumulated depreciation of 436. A decrease in the demand for fine paper products has caused the company to reassess the future cash flows from using the machine. The company now estimates that the value in use is 457. A similar machine recently sold for 343 in the secondhand market. HelloWorld estimates that it would cost 74 to sell the machine. HelloWorld decides to conduct an impairment test.

Compute the new carrying amount of HelloWorlds press under IFRS.

A.

457

B.

0

C.

1078

D.

538

E.

642