USE THE FOLLOWING INFORMATION FOR #21 & 22: Motown has the following information available: $ Purchase date Cost of Machine Sales Tax Training prior to production to get ready for intended use Testing prior to production to get ready for intended use Useful Life Straight-line method of depreciation 1/1/X1 154,000 4.00% 8,000 2,400 5 $ $ $ At December 31, 20X3: Fair market value of machine Expected future cash flow from machine Expected selling price of machine Market rate of interest $ 48,000 43,000 500 5.00% $ 21.) Calculate the book value carrying value/net book value) of the asset at 12/31/X3 and write the amount on the cover sheet. 22. Calculate the impairment loss and write the amount of the loss on the cover sheet. If there is no impairment loss then write "zero" on the cover sheet