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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

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 Undiscounted future cash flows $700,000 $740,000 What is the impairment loss that will be reported on the December 31 income statement under U.S. GAAP? O A. $0 O B. $10,000 O C. $40,000 O D. $50,000

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