4. Company ABC has been experiencing declining market demands for its fashionable products division. The management decided to test for asset impairment for this division. The assets was acquired on 1 January 20X1 at CU30,000,000 with estimated useful life of 20 years, and no residual value. The Company uses straight-line depreciation method. The test resulted as follow: FV, net of cost of selling of the division's assets 18,000,000 Present value of estimated total net future cash inflow generated from the division's assets 26,000,000 What amount of impairment loss, if any, should the Company record at 31 December 20X3? (1) None (2) 500,000 (3) 1,000,000 (4) 7,500,000