help pls 8.9

8. Which of followings is not a major characteristic of a property, plant, and equipment (PP&E)? a. Possess physical substance. b. Acquired for use in operations. c. Measured at fair market value. d. Long-term in nature and subject to depreciation, 9. Presented below is information related to equipment owned by Cruz Ramirez at December 31, 2019 Cost $4,600,000 Accumulated depreciation at the year-end 800,000 Expected future net cash flows 3,300,000 Fair value 2,900,000 Assume that Cruz Ramirez will continue to use this asset in the future. As of December 31, 2019, the equipment has a remaining useful life of 4 years. Determine the amount of impairment loss for 2019. a. $500,000 b. $900,000 c. $1,700,000 d. $1,300,000 in