Almond Industries owns an investment that experienced a decline during 2019 that has been judged to be "other than temporary". The investment is held in Almond's minority passive equity investment portfolio. It was purchased in March 2018 at a cost of $460,000. At the end of 2018, the fair value of the investment was $520,000. At the end of 2019, the fair value of the investment is $410,000. What amount of loss will Almond Industries report on its income statement for the year ending December 31, 2019 related to this investment?
A. an unrealized loss of $50,000.
B. an unrealized loss of $60,000.
C. a realized loss of $50,000.
D. an unrealized loss of $110,000.
Answer: D
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