The Impairment Loss for an Asset That a Company Intends

Multiple Choice

The impairment loss for an asset that a company intends to hold and use is the difference between the

A) asset's book value and its lower fair value.
B) asset's book value and its fair value.
C) present value of discounted cash flows and the book value.
D) asset's fair value and the present value of the discounted cash flows.