Assume that on 1 January 2017 X has a patent (limited life) on how to extract oil from shale rock. The expected future net cash flows from this patent 7500000 and the carrying amount $50000000. The fair value of its patent to be $20000000. The loss on impairment is O a 50000000 b. 30000000 @c20000000 Od. No impairment loss Assume that Palestine Bank agrees to lend $180,000 on October 1, 2019, to X Company. If X signs a $180,000, annual interest is a 9 percent, seven-month note. The interest expense charged to 2020 is a. 9450 b. 5400 Oc 3000 d. 4050