Indefinite-life intangibles are subject only to the fair value test in order to conclude on impairment. If an indefinite-life intangible asset has a fair value of ( $ 50,000 ) and a net amortized cost/value of ( $ 75,000 ). The fair value test concludes: There is an impairment loss of ( $ 25,000 ). There is no impairment loss. There is an impairment loss of ( $ 50,000 ).

Indefinite-life intangibles are subject only to the fair value test in order to conclude on impairment. If an indefinite-life intangible asset has a fair vatue of $50,000 and a net amortized cost/value of $75,000. The fair value test concludes: There is an impairment loss of $25,000. There is no impairment loss. There is an impairment loss of $50,000