On December 31, 2012, CA Inc

Multiple Choice

On December 31, 2012, CA Inc. had a machine with an original cost of $20,000 and accumulated depreciation of $5,000. An impairment test on that date indicated that the machine had a value in use of $12,000 and a fair value of $10,000 (no disposal costs) . What impairment loss is recorded for fiscal 2012?

A) $3,000
B) $5,000
C) $8,000
D) $10,000