Blue Co.holds a debt investment at amortized cost of $250,000.The fair value of this investment at year end is $220,000.Blue classified this investment as held-to-maturity,but due to financial constraints,they will most likely sell it before the market recovers.Determine if an impairment exists and record any necessary resulting journal entries.

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The Answer of Blue Co.holds a debt investment at amortized cost of $250,000.The fair value of this investment at year end is $220,000.Blue classified this investment as held-to-maturity,but due to financial constraints,they will most likely sell it before the market recovers.Determine if an impairment exists and record any necessary resulting journal entries.

Blue CoHolds a Debt Investment at Amortized Cost of $250,000