At the end of Year 11, JJW Ltd. owns a patent with a remaining useful life of 10 years and a carrying amount of $400,000. JJW expects future net (undiscounted) cash flowsfrom this patent to total $390,000. The patent’s fair value is $350,000 and the disposalcosts are expected to be $15,000. The discounted cash flows (value in use) would be$375,000.

What impairment loss would JJW Corporation record on its books if it is a publicly traded enterprise?