How is the loss on impairment reported differently if the asset has a resale value rather than no resale value? The loss on impairment for the asset with a resale value would be calculated based on the difference between the book value and the undiscounted value of the future cash flows; the loss on impairment for the asset without a resale value would be calculated based on the difference between the book value and the present value of the future cash flows. The loss on impairment for the asset with a resale value would be calculated based on the difference between the book value and the resale value; the loss on impairment for the asset without a resale value would be calculated based on the difference between the book value and the present value of the future cash flows. The loss on impairment for the asset with a resale value would be calculated based on the difference between the book value and the present value of the future cash flows; the loss on impairment for the asset without a resale value would b