P,P&E IMPAIRMENT Question: . . The following information relates to a Company's equipment for the 12/31/xx year-end: Cost = $1,503,000; Accumulated Amortization = $501,000; Remaining Useful Life = 10 years; Annual cash flows expected over the remaining useful life - $100.000; Salvage Value at the end of the remaining useful life = $5,000; Applicable Discount Rate = 8%; and Current Fair Value = $600.000. . Required: a. Following ASPE, what, if any, is the amount of Impairment Loss on the Equipment? If there's an Impairment Loss, then provide a Journal Entry to record it. Required: a. Following ASPE, what, if any, is the amount of Impairment Loss on the Equipment? If there's an Impairment Loss, then provide a Journal Entry to record it. b. How would your answer to 'a' above change if the Salvage Value at the end of the remaining useful life was $1,000, rather than $5,000? c. How would your answer to 'b' above change if the Fair Value of $600,000 was not readily available? d. Following IFRS, what, if any, is the amount of Impairment Loss on the Equipment? If there's an Impairment Loss, then provide a Journal Entry to record it. e. How would your answer to d' above change if the Salvage Value at the end of the remaining useful life was $1,000, rather than $5,000