Information has been collected regarding Pindea Companys cash-generating unit that includes goodwill. At December 31, 2018, the assets of the Pindea Companys cash-generating unit are shown as follows on the companys statement of financial position:

	Cost		Accumulated Depreciation		Net Book Value
Goodwill	$ 25,000		$ -		$ 25,000
Equipment	126,500		30,850		95,650
Building	505,000		200,150		304,850
Patent rights	30,000		18,500		11,500
	$ 686,500		$ 249,500		$ 437,000

An impairment test indicates that the fair value of Pineda Companys cash-generating units assets is $350,000. The assets are not separable they must be operated or sold together as a group.

Required:

Indicate the net book value of each asset after the writedown and prepare an adjusting journal entry to record the impairment