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Hops Co. purchased a copyright from Wall Co. for $400,000 on January 1, 2017. Hops estimated that the useful life of the copyright will be

Hops Co. purchased a copyright from Wall Co. for $400,000 on January 1, 2017. Hops estimated that the useful life of the copyright will be 20 years from the date of acquisition. On January 1, 2021, Hops estimates that the copyright will generate future net cash inflows of $260,000. Hop estimates the fair value of the copyright to be $220,000.

The amount of the 2021 Impairment loss, if any, is:

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