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Presented below are two independent cases related to available -for-sale debt investments. Case 1 Case 2 Amortized cost $39,200 $103,100 fair value 29,400 114,040 expected
Presented below are two independent cases related to available -for-sale debt investments.
Case 1 Case 2
Amortized cost $39,200 $103,100
fair value 29,400 114,040
expected credit $24,840 94,770
loses
For each case, determine the amount of impairment loss, If any.
Case 1
Impairment Loss $ ___________________________
Case 2
Impairment Loss $___________________________
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