We jour TOLIU O oprocuroruic equipment to ZULL. Account Debit Credit equipment 78 QUESTION 3 Howard Inc. owns equipment for which it paid $63 million. Due to adverse economic conditions, Howard's management determined that it should assess whether an impairment loss should be recognized for the equipment. The following information may be useful in determining if an impairment should be made: 30 Historical cost of equipment $76 Accumulated depreciation 43 Undiscounted cash flows Fair value of equipment 25 Calculate the book value of the asset Calculate the impairment loss (if any). If there is not an impairment, enter zero: QUESTION 4 Click on "True" for 1 point extra credit. Accumulated depreciation Assets Cash Denreciation evnense