Question 2 (6 points) Company A purchased a patent from Company B on 6/30/2021 for $660,000. The useful life of the patent is estimated to be six years. On 12/31/2024 the fair market value of the patent was $250,000, while the undiscounted future net cash flows related to the patent were $300,000. Assume all of the same facts as above, except the undiscounted future net cash flows related to the patent are $260,000 (instead of $300,00) at 12/31/2024. Dr. Impairment Loss $50,000 Cr. Patent $50,000 N/A; No impairment is recognized. Dr. Impairment Loss $25,000 Cr. Patent $25,000 Dr. Impairment Loss $410,000 Cr. Patent $410,000 Dr. Impairment Loss $360,000 Cr. Patent $360,000