January 1, 2018, Qualcomm obtains a patent for a semiconductor chip used in modern electronics. The legal cost of filing for the patent is $60,000. The patent grants a 20-year legal life. Qualcomm expects the patented chip to be in production for 5 years. On June 30, 2020, Qualcomm estimates that the fair value of the patent is $22,000 due to changes in customer demand for the chip. What, if any, impairment does Qualcomm recognize at June 30, 2020?

Group of answer choices

Yes, $28,000

No, $0

Yes, $8,000

Yes, $30,0500

Yes, $14,000