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Please ASAP 18) Marie acquired a 100% shareholding in Luke for $500,000 when Luke's fair value of net assets was $400,000. The next year the

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Please ASAP

18) Marie acquired a 100% shareholding in Luke for $500,000 when Luke's fair value of net assets was $400,000. The next year the recoverable amount of Luke was $150,000 and the fair value of Luke's net assets was $120,000. Determine the amount of impairment gain/loss. Select one: a. $20,000 loss b. $20,000 gain c. $50,000 gain d. $50,000 loss

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