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Weselton Company had the following assets at December 31, 2014. Assume that indicators of impairment are present in all cases. Using the multiple dropdown boxes,

Weselton Company had the following assets at December 31, 2014. Assume that indicators of impairment are present in all cases. Using the multiple dropdown boxes, indicate how much impairment loss is required for each asset (if any).

Asset

Carrying Value

Expected Future Cash Flows (undiscounted)

Fair Value

Impaired?

Building

$430,000

$510,000

$400,000

Not impaired

Trademark

60,000

63,800

58,000

2,000

Patent

68,000

40,000

25,500

42,500

please explain why the first one is nor impaired. thank you.

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