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Current Attempt in Progress In January, 2018, Carla Vista Corp. purchased a patent for...

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Accounting

Current Attempt in Progress
In January, 2018, Carla Vista Corp. purchased a patent for a new consumer product for $978000. At the time of purchase, the patent
was valid for 15 years. Due to the competitive nature of the product, however, the patent was estimated to have a useful life of only
ten years. During 2023, the product was permanently removed from the market because of a potential health hazard. What amount
should Carla Vista recognize as an impairment loss for calendar 2023, assuming amortization has been recorded annually using the
straight-line method with no residual value?
$489000
$652000
$97800
$65200
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