Your company rents computers to local businesses and schools. You have 2,400 computers with a book value of $168,000. As a result of changing technology, your computers are more difficult to rent so you must drastically reduce your rental price, which causes a decrease in estimated future cash flows. The fair value of the computers is estimated to be $128,500 because of their outdated technology. Your company should report an asset impairment loss of:

a. $0

b. $128,500

c. $168,000

d. $39,500