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The following information is available for Bassett Company's patents: Cost Carrying amount Expected future net cash flows Fair Value $1,720,000 860,000 640,000 720,000 Bassett Company

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The following information is available for Bassett Company's patents: Cost Carrying amount Expected future net cash flows Fair Value $1,720,000 860,000 640,000 720,000 Bassett Company would record a loss on impairment of Select one: O a. $1,000,000 O b. $220,000 c. $140,000 d. $80,000 O e. $0

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