Question 20 4 pts Porto Company purchased an asset on January 1, 2017 for $6.200,000. There are indicators that this asset is impaired. The company developed the following estimates related to the asset at December 31, 2017 Expected future net cash flows.... $5.000.000 Fair value.... $2.720.000 1. Assume that the asset is an indefinite-lived license. What is the impairment loss recognized by the company on December 31. 2017? Select 2. Assume instead that the asset is equipment being depreciated using the straight-line method based on a 5-year useful life and zero salvage value. Porto will continue using the equipment in the future. What is the impairment loss recognized by the company on December 31, 20172 Select