General Optic Corporation operates a manufacturing plant in Arizona. Due to a significant decline in demand for the product manufactured at the Arizona site, an impairment test is deemed appropriate. Management has acquired the following information for the assets at the plant:

Cost $ $48\mathrm{.}5$ million

Accumulated depreciation $ $15\mathrm{.}8$ million

General$$s estimate of the total cash flows to be generated by selling the products

manufactured at its Arizona plant, not discounted to present value $ $18\mathrm{.}2$ million

The fair value of the Arizona plant is estimated to be $$19$ million.

Required:

$1.$ Determine the amount of impairment loss.

$2.$ If a loss is indicated, prepare the entry to record the loss.

$3.$ & $4.$ Determine the amount of impairment loss assuming that the estimated undiscounted sum of future cash flows is $(3)$ $$19$ million instead of $$18\mathrm{.}2$ million and $(4)$ $$32\mathrm{.}95$ million instead of $$18\mathrm{.}2$ million.