Pine Corp. acquired a patent in a business combination on January 1, 2020 and allocated $500,000 of the purchase price to that asset. Pine began amortizing the patent over a 5-year estimated useful life (straight-line, no salvage value). At year end, it estimated that the future cash flows that will be produced by the asset would be $90,000 in each of the next four years. Pine believes that an 8% discount rate is appropriate to estimate the present value (fair value) of these cash flows. What impairment loss (if any) should Pine recognize in 2020

answer; limited pay life;

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two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.