A business owns a Trademark that they are evaluating for impairment, Trademark Book Value Estimated Future Cash Flows (undiscounted) Estimated Fair Value DATA $425,000 400,000 410,000 After evaluating the asset for impairment, which of the following is (are) true? Select ALL true statements, wrong answers are penalized. The loss on impariment equals $45,000. If the fair value of the asset increases in the future the loss can be recovered. The loss on impairment equals $ 0 If the fair value of the asset increases in the future, the loss can not be recovered. The loss on impairment equals $15,000. Since the estimtated future cash flows is less than the book value an impairment has occurred. Since the fair value is greater than the future cash flows there is no impairment