Enter Co. determined the following information for the purpose of testing its investment in associate for impairment: Carrying amount of investment (including ₱100,000 goodwill) 1,600,000 Fair value...

1. Enter Co. determined the following information for the purpose of testing its investment in associate for impairment:

 Carrying amount of investment (including ₱100,000 goodwill)  1,600,000

 Fair value less costs of disposal (FVLCD)             1,440,000

 Value in use (VIU)  1,380,000

How much is the impairment loss?

1. 160,000 b. 220,000       c. 60,000         d. 0