Impairment of an asset

At 31 December 2017, T Company has specialized equipment with the following characteristics:

Carrying amount: $50,000

Selling price $40,000

Cost of disposal $1,000

Expected future cash flows $55,000

PV of expected future cash flows $46,000

Explain whether the asset is impaired under:

• IAS 36
• U.S. GAAP