It is estimated that the net cash flows to be received from the copyright will be $63,000, and its fair value is $59,850. The accumulated amortization at the end of 2021 was $15,435. Compute the amount of impairment, if any, to be recorded on December 31, 2021. (If there is a loss on impairment, then enter amounts using either a negative sign preceding the number e. g. -45 or parentheses e. g. (45).)

The amount of the impairment = $3,150.

Explanation:

a) Data and Calculations:

Net cash flows = $63,000

Fair value of copyright = $59,850

Accumulated amortization = $15,435

Impairment gain = $3,150 ($63,000 - $59,850)

b) There is an impairment gain of $3,150 since the net cash flows is higher than the fair value of the copyright.  Copyright is an intangible asset and impairment assessment must be conducted yearly.

answer; i believe the correct answer is (sales promotion;

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.