Problem - Presented below are two independent cases related to available-for-sale debt investments.
|
Case 1
|
Case 2
|
|
Amortized cost
|
$41,640
|
$91,800
|
|
Fair value
|
32,220
|
102,220
|
|
Expected credit losses
|
27,360
|
83,660
|
Required - For each case, determine the amount of impairment loss, if any.