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Three cases are provided below concerning plant assets currently used in operations. Assume that indicators of impairment are present in all cases. Which asset(s), if

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Three cases are provided below concerning plant assets currently used in operations. Assume that indicators of impairment are present in all cases. Which asset(s), if any, require an impairment loss to be recognized? Asse Expected Carrying Value Future Cash Flows Fair Value $132,000 $88,000 $66,000 2. 88,000 132,000 99,000 3 99,000 143,000 88,000 Only Asset 2 has an impairment loss None of these assets have an impairment loss Only Asset 1 has an impairment loss Only Asset 3 has an impairment loss Assets 1,2 & 3 have an impairment loss Assets 1 and 2 have an impairment loss

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