QUESTION 12 At the end of 2020, a change in business climate indicated to management that the value of key assets used by a company to produce its products might be impaired. The following amounts have been determined regarding the key assets as of December 31, 2020: Book value Undiscounted sum of future cash flows Fair value $75 million I $65 million $50 million What is the amount of Impairment loss that should be recorded by the company in 2020. If any? $15 million $10 million $25 million $0