Clipboard Image Tools A business owns Equipment that they are evaulating for impairment. Equipment Book Value Estimated Future Cash Flows -UNDISCOUNTED Estimated Fair Value Shapes Estimated Future Cash Flows -DISCOUNTED Select ALL true statements, wrong answers are penalized. The loss on impariment equals $130,000. Since the estimated future cash flows is less than the book value an impairment has occurred. The loss on impairment equals $230,000. Since the fair value is greater than the future cash flows there is no impairment. The loss on impairment equals $180,000. If the fair value of the asset increase in the future, the loss can be recovered The loss on impariment equals $0. DATA 660,000 430,000 530,000 350,000