E.Flynn Company purchased a building for $400,000.The current book value of the building is $200,000 and the fair value is $180,000.The sum of future cash flows from the building is $160,000.According to GAAP,the amount of impairment loss that should be recognized is
A)$0.
B)$20,000.
C)$40,000.
D)$120,000.

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The Answer of E.Flynn Company purchased a building for $400,000.The current book value of the building is $200,000 and the fair value is $180,000.The sum of future cash flows from the building is $160,000.According to GAAP,the amount of impairment loss that should be recognized is
A)$0.
B)$20,000.
C)$40,000.
D)$120,000.

EFlynn Company Purchased a Building for $400,000