A business owns a Trademark that they are evaluating for impairment. Trademark Book Value Estimated Future Cash Flows (undiscounted) Estimated Fair Value DATA $225,000 180,000 200,000 After evaluating the asset for impairment, which of the following is (are) true? Select ALL true statements, wrong answers are penalized. Since the estimated future cash flows is less than the book value an impairment has occurred. If the fair value of the asset increases in the future, the loss can not be recovered If the fair value of the asset increases in the future the loss can be recovered Since the fair value is greater than the future cash flows there is no impairment The loss on impairment equals $25,000. The loss on impairment equals $ 45.000 The loss on impairment equals $100,000