Sheffield Corporation purchased equipment for $749,000 in 2025 . Two years later, the equipment has accumulated depreciation of $249,000 and Sheffield has concerns that the equipment has been impaired. Future cash flows are estimated to be $490,000. The controller believes the current fair value of the equipment to be approximately $450,000. The impairment loss on the equipment is $33,000$50,000$44,500$83,000 Sheffield Corporation purchased equipment for $749,000 in 2025 . Two years later, the equipment has accumulated depreciation of $249,000 and Sheffield has concerns that the equipment has been impaired. Future cash flows are estimated to be $490,000. The controller believes the current fair value of the equipment to be approximately $450,000. The impairment loss on the equipment is $33,000$50,000$44,500$83,000