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Homework answers / question archive / Plz I am on exam If ABC company had an asset with carrying amount of $44,000 at end of year 2019, and at the same date the company determined the fair value for that asset with $47,000 and its value in use with 42,000

Plz I am on exam If ABC company had an asset with carrying amount of $44,000 at end of year 2019, and at the same date the company determined the fair value for that asset with $47,000 and its value in use with 42,000

Accounting

Plz I am on exam
If ABC company had an asset with carrying amount of $44,000 at end of year 2019, and at the same date the company determined the fair value for that asset with $47,000 and its value in use with 42,000.
Required: compute the impaired loss (if it found).

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