Coquitlam Corporation, a publicly-traded company, purchased a piece of equipment on January 1, 2021, for $250,000. It has an estimated useful life of 5 years and a $25,000 residual value. Coquitlam uses straight-line depreciation and has a December 31 year end. At December 31, 2022, the equipment had a recoverable value of $120,000 and IFRS requires Coquitlam to consider if an impairment has occurred , requiring a write-down. and if so what would the impairment loss be at Dec 31, 2022. $40,000 loss due to impairment $15,000 loss due to impairment $105,000 loss due to impairment $5,000 loss due to impairment No impairment has occurred