Impairment testing for property and equipment: On December 31, 2021, Leo Inc. has equipment with a book (acquisition cost less accumulated depreciation) value of $450,000. On that same date, Leo determines that the undiscounted future cash flows expected from this equipment are estimated to be $500,000 and the discounted present value of the cash flows is $420,000. What is the amount of write-down required, if any? Group of answer choices No writedown is required ($30,000) ($50,000) ($80,000)