58. Presented below is information related to an intangible asset owned by Finley Company at December 31, 2012. Cost $7,000,000 Accumulated amortization to date 4,500,000 Expected future net cash flows 5,000,000 Fair value 3,400,000 Based on the recoverability test, should the asset be impaired? a. Yes b. No 59. Torque Co. has equ