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What is the amount of impairment loss native should record

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Reference no: EM133081030

Question - Native Corporation has determined that one of its finite-life intangible assets may be impaired. The asset's net carrying value on the date of impairment is $1,600,000. In order to estimate impairment, the company uses the discounted cash-flow model. The company projects the asset's future cash flows to be $250,000 at the end of each of the next 6 years. Assuming a discount rate of 7%, what is the amount of impairment loss Native should record?

Reference no: EM133081030

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