On December $31,$ an entity analyzed a finite life trademark with a net carrying value of $$750,000$ for impairment. The entity determined the following:

Fair value

$$700,000$

Undiscounted future cash flows

$$740,000$

What is the impairment loss that will be reported on the December $31$ income statement under U$.$S$.$ GAAP?

A$.$ $$0$

B$.$ $$50,000$

C$.$ $$10,000$

D$.$ $$40,000$