Pierce Inc. owns equipment for which it paid $63 million. Due to adverse economic conditions, Pierce's management determined that it should assess whether an impairment loss should be recognized for the equipment. The following information may be useful in determining if an impairment should be made: Historical cost of equipment Accumulated depreciation Undiscounted cash flows Fair value of equipment Calculate the book value of the asset $63 13 49 55 Calculate the impairment loss (if any). If there is not an impairment, enter zero