When a Company Determines That Estimated Future Cash Flows from an Asset

Multiple Choice

When a company determines that estimated future cash flows from an asset are different from the book value of the asset,it records:

A) an asset impairment gain,if the value of the cash flows exceeds the asset's book value.
B) an asset impairment loss,if the value of the cash flows exceeds the asset's book value.
C) an asset impairment gain,if the asset's book value exceeds the value of the cash flows.
D) an asset impairment loss,if the asset's book value exceeds the value of the cash flows.