Q3: On January 1, 2017, a company purchased copyrights with a cost 2,320,000, a useful life of 5 years. The company uses straight-line depreciation. At December 31, 2018, the company determines that impairment indicators are present. The fair value less costs to sell the copyrights is estimated to be 1,080,000. The copyrights' value-in-use is estimated to be 1,130,000. The asset's remaining useful life is estimated to be 2 years. (1). The company's 2018 income statement will report Loss on Impairment of a. b. 0. 262,000. 312,000. 1,190,000. c. d. (2). The company's 2019 income statement will report amortization expense for the copyrights of a. b. 377,000. 464,000. 565,000. 1,190,000. C. d