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What value would be reported by try for the value

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Question - TRY Co. reports under ASPE. It purchased a copyright for $80,000 on January 1, 2021. The copyright has an indefinite life. On December 31, 2021 the copyright was estimated to generate $90,000 of undiscounted future cash flows ($75,000 discounted), have a fair value of $78,000, and costs to sell of $200. What value would be reported by TRY for the value of the copyright asset at December 31, 2021? Show and document all support.

Reference no: EM132931894

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