Required information Due to adverse economic conditions, Oak Inc.'s management has determined that it should assess whether an impairment loss should be recognized for the following assets; Book Value Estimated Undiscounted Fair Value Future Cash Flows Equipment $35,000 $30,000 $28.000 Building $68,000 $70,000 $65,000 Patent $30,000 $34,000 $32,000 Which of the following represents an event that indicates an asset's book value may not be recoverable? . A significant adverse change in how the asset is being used or in its physical condition A significant adverse change in legal factors or in the business climate Arcauzation that the asset will be disposed of significantly before the end of its estimated usene All of these answer choices are correct