Question 30 4.5 pts A company has some bottling equipment which cost $8.5 million, has a net boolk value of $4.1 million, estimated future cash flows of $3.7 million, and a fair value of $3.1 million Which of the following correctly describes the recording of the asset impairment loss? O The loss account is debited for $4.8 million and the asset account is credited for $4.8 million. O The loss account is debited for $1.0 million and the asset account is credited for $1.0 million. O The loss account is debited for $5.4 million and the asset account is credited for $5.4 million. O The loss account is debited for $0.4 million and the asset account is credited for $0.4 million