1. Determining Asset Impairment Buyun Company purchased a building 14 years ago for $720,000. Assume that the building has accumulated depreciation of $504,000 and a fair value of $150,000. Buyun expects the building will generate a net cash inflow of $30,000 per year for the next six years. From an accounting point of view, determine whether the building is impaired. Using the information above, determine the amount of impairment and record the impairment loss. proprofs.com Total Questions: 15 81 min 26 secs 11) Exercise 1. (5 points) Douglas invested $15,000 today for 5 years to earn interest at 8% compounded quarterly. Future value factor of a lump sum 20 periods and 2% interest in 1.4859, for 5 periods and 8% interest in 1.4693, whereas the future value annuity factor for 20 periods and 2% is 24.2974. Calculate the future value of $15,000. Type your answer here: 1 2) Exercise 2. (15 points) JUN 26