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For each of the following scenarios, indicate whether a long-term asset has been impaired (y for yes and N for no) and, if so, the

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For each of the following scenarios, indicate whether a long-term asset has been impaired (y for yes and N for no) and, if so, the amount of the loss that should be recorded (Click the icon to view the data) (Complete all input cels Enter a "0" to show no loss) Asset Impaired? Amount (Yor N) of Loss Book Value & Equipment b Trademark Land $220,000 $360,000 $50 000 $8 million Estimated Future Cash Flows $264 000 $250.000 $23,000 58 milion Fair Value $260,000 $230 000 $22,000 S6 million d Factory building Data Table 1 Impaired? Amount (Y or N) of Loss Asset a Equipment b. Trademark c. Land d Factory building Book Value $220,000 $360,000 Estimated Future Cash Flows 5204,000 $250,000 $23.000 50 million Fair Value $260 000 $230,000 $22.000 550.000 58 million 36 milion

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