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What would be profit-loss in this final sales transaction

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Question - A company acquires a license at a cost of $77.000 at the beginning of the year (1.1.2021). The useful life is 7 years. The company uses fair value method. Two years later (31.12.2022), the company realize that the market value of the license has increased by $10.000 Eventually, after one year (31.12.2023), the company sold the license at a price of $ 60.000 What would be the profit/loss in this final sales transaction (use straight -line method)?

Reference no: EM132973318

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