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On June 2, 2015, Olsen Inc. purchased a building with a cost 2,360,000. At December 31, 2015 and December 31, 2016, the following is available

On June 2, 2015, Olsen Inc. purchased a building with a cost 2,360,000. At December 31, 2015 and December 31, 2016, the following is available for impairment testing:

12/31/2015 12/31/2016

Fair value less costs to sell 2,280,000 2,265,000

Value-in-use 2,330,000 2,390,000

The 2016 income statement will report

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