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QUESTION 35 The following information is available for Outwest Airlines patents: Cost Carrying value of patent Expected future net cash flows Fair value $1.290,000 545,000

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QUESTION 35 The following information is available for Outwest Airlines patents: Cost Carrying value of patent Expected future net cash flows Fair value $1.290,000 545,000 600,000 480,000 How much Impairment Loss would Outwest Airlines record, assuming the patent has a definite useful life? A. 5810,000 B. SO R C. $65.000 D. $529,000

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