At this point an impairment loss should be recognized, which is done by taking the difference between the fair market value and the book value and recording this amount as the loss.
Which is done by taking the difference between the fair market value and recording this amount as the loss. This was what an impairment loss should be recognized at this point. Which is done by taking the difference between the book value and recording this amount as the loss. This was what an impairment loss should be recognized at this point.