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Is this building impaired ? why? what is the impairment loss? City Health Corporation bought a building for $1,000,000 in 2017. On January 1, 2019

image text in transcribedIs this building impaired ? why? what is the impairment loss?

City Health Corporation bought a building for $1,000,000 in 2017. On January 1, 2019 the building has a book value of $855,000. Managers estimate that the building will generate $780,000 in future cash inflows from customers and the fair value of the building is $690,000

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