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The auditors have audited a client's cryptoassets. Those assets originally cost $100,000 in 20X1, but...

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Accounting

The auditors have audited a client's cryptoassets. Those assets originally cost $100,000 in 20X1, but in 20X3 were judged as impaired and reported on the financial statement at $80,000. This year, the estimated fair value of the cryptoassets is $85,000. Under GAAP, the auditors would expect the proper valuation of the account is most likely to be:
(1) $ 80,000.
(2) $ 82,500.
(3) $ 85,000.
(4) $100,000

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