Homework: Homework - Chapter 07 Save Score: 0 of 2 pts 2 of 4 (0 complete) HW Score: 0%, 0 of 8 pts S7-18 (similar to) Question Help 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 fields. Enter a "0" to show no loss.) Estimated Future Asset Book Value Cash Flows a. Equipment $110,000 $ 151,000 b. Trademark $450.000 $340.000 Impaired? (Y or N) Amount of Loss Fair Value $150,000 $320,000 c. Land $65,000 $40,000 $36,000 d. Factory building $4 million $4 million $1 million Choose from any list or enter any number in the input fields and then click Check Answer. ? All parts showing Clear All Final Check