Lahar Corporation was impairment testing PP&E related to its Arizona facility. On the balance sheet, this asset had a gross value of $ $102$ million and accumulated depreciation of $ $45$ million. The company estimates net undiscounted cash flows of $ $59$ million and discounted cash flows of $ $45$ million over the remaining useful life of the asset. What decision would the company take?

a$.$

Impair the gross value of asset to $ $59$ million

b$.$

Impair the book value $($carrying value$)$ of asset to $ $45$ million

c$.$

Impair the gross value of the asset to $ $45$ million

d$.$

Do not take an impairment

e$.$

None of the above