CPL Ltd. purchased a piece of equipment on January 1, Year 1, for $500,000. The following details relate to the equipment on January 1, Year 4: The equipment had a carrying value of $171,000. CPL has determined that there were indications that the equipment may be impaired. CPL has estimated that the equipment could be sold on the market for $155,000 less disposal costs of $5,000. The cash flow generated by the asset in each of the next five years is estimated to be $34,500, with no salvage value at the end of Year 8. The appropriate discount factor is 6%. What would the impairment loss be for the equipment on January 1, Year 4, assuming CPL follows ASPE? A An impairment loss of $16,000 B An impairment loss of $21,000 C No impairment loss D An impairment loss of $25,673