Use the following information for questions 16 and 17.  On January 1, 2018, FFF Inc.purchased equipment with a cost of €3,060,000, a useful life of 12 years andno salvage value. The company uses straight-line depreciation. At December 31, 2018, the companydetermines that impairment indicators are present. The fair value less cost to sell the asset is estimated to be€2,600,000. The asset’s value-in-use is estimated to be €2,365,000. There is no change in the asset’s usefullife or salvage value
【題組】16. The 2018 income statement will report Loss on Impairment of
(A) €205,000.
(B) €0.
(C)€440,000.
(D) €460,000.