Question 7 1 pts A parent acquired a subsidiary on June 30, 2017, the accounting year-end for both companies. The following previously unreported intangible assets were recognized in acquisition (in millions): Fair Value Useful Life Customer lists $ 60 3 years Favorable leaseholds 200 5 years No impairment losses were reported in fiscal 2018. It is now June 30, 2019. You have the following information regarding these intangibles: Customer Favorable Lists Leaseholds Total expected future undiscounted cash flows $ 23 $100 Total expected future discounted cash flows 18 70 The intangibles impairment loss for fiscal 2019, following U.S. GAAP, is: O $52 $172 $92 O $50