A business owns Equipment that they are evaulating for impairment. Equipment Book Value Estimated Future Cash Flows UNDISCOUNTED Estimated Fair Value Estimated Future Cash Flows -DISCOUNTED DATA 550,000 450,000 375,000 350,000 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, UNDISCOUNTED, is less than the book value an impairment has occurred. Since the fair value is greater than the discounted future cash flows there is no impairment The loss on impairment equals $ 100,000. If the fair value of the asset increases in the future, the loss can be recovered The loss on impairment equals $ 25,000. The loss on impariment equals $0 The loss on impairment equals $175.000. 12