On January 1, 2015, Q. Tong Inc. purchased equipment with a cost of HKS10,440,000, a useful life of 10 years and no salvage value. The company uses straight-line depreciation. At December 31, 2015 and December 31, 2016, the company determines that impairment indicators are present. The following information is available for impairment testing at each year end: Fair value less costs to sell Value-in-use 12/31/2015 HK$9,315,000 HKS9,350,000 12/31/2016 Hk$8,850,000 HKS8,915,000 There is no change in the asset's useful life or salvage value. The 2016 income statement will report a. no Impairment Loss or Recovery of Impairment Loss. Impairment Loss of HKS435,000. Recovery of Impairment Loss of HK$40.889 Recovery of Impairment Loss of HKS603,889. d