SeBASS Inc. owns equipment for which it paid $90 million. At the end of 2020, it had accumulated depreciation on the equipment of $27 million. Due to adverse economic conditions, SeBASS 's management determined that it should assess whether an impairment loss should be recognized for the equipment. The estimated undiscounted future cash flows to be provided by the equipment total $60 million, and the equipments fair value at that point is $40 million. Under these circumstances, SeBASS:

A. Would record no impairment loss on the equipment.

B. Would record a $3 million impairment loss on the equipment.

C. Would record a $23 million impairment loss on the equipment.

D. None of these three answers are correct.