Question 18 (of 22) 18. value: 0.55 points In testing for impairment of an operational asset, an impairment loss is required ite: O O O Expected future cash flows exceeds the asset's book value. Asset's book value exceeds the present value of its expected future cash flows, Present value of expected future cash flows exceeds its carrying value Asset's book value exceeds the expected future cash flows. Question 1 of 225 Return To Assignments Award: O out of 0.45 points Kansas Enterprises purchased equipment for $60,000 on January 1, 2018. The equipment is expected to have a five year life, with a resident value of $5,000 at the end of five years Using the double-declining balance method, depreciation expense for 2019 would be $13,200 $22,000 $24,000 $14.400