Grey Co Holds a Held-To-Maturity Debt Investment at an Amortized Cost

Grey Co. holds a held-to-maturity debt investment at an amortized cost of $50,000. At 12/31/18, the fair value of the investment is $49,000 and the present value of the future cash flows is $48,000. Has an impairment loss occurred? If so, how much is the impairment loss to be recorded?

A) Yes, the present value of future cash flows are less than the amortized cost, so an impairment loss for the difference must be recorded, $2,000.
B) Yes, the present value of future cash flows are less than the amortized cost, however, the loss cannot be calculated without knowing if this difference is temporary or other-than-temporary.
C) No, the fair value of the investment is less than its amortized cost, so an impairment has not occurred.
D) There is not enough information to determine if an impairment loss has occurred.