When Practime Acquired Stratus Technologies on January 1, 2018, the Following

When Practime acquired Stratus Technologies on January 1, 2018, the following previously unreported intangible assets were recognized as part of the acquisition:
$\begin{array}{|l|c|c|}\hline \text { Intangible Asset } & \begin{array}{c}\text { Fair Value, } \\\text { January 1, 2018 }\end{array} & \text { Asset Type } \\\hline \text { Brand names } & \$ 10,000 & \text { Indefinite life } \\\hline \text { Royalty agreements } & 5,000 & \text { Limited life, 5 years, SL } \\\hline\end{array}$

It is now December 31, 2020, the end of the accounting year, and three years since the acquisition. No impairment has been reported on either of the intangibles in 2018 or 2019. Practime bypasses the qualitative impairment test for all intangibles, where this option is available. You have the following information regarding the identifiable intangibles at December 31, 2020:

$\begin{array}{|l|c|c|}\hline \text { Intangible asset } & \begin{array}{c}\text { Total Expected Future Net } \\\text { Cash Inflows, Undiscounted }\end{array} & \begin{array}{c}\text { Total Expected Future Net } \\\text { Cash Inflows, Discounted }\end{array} \\\hline \text { Brand names } & \$ 12,000 & \$ 9,000 \\\hline \text { Royalty agreements } & 2,500 & 1,800 \\\hline\end{array}$ Required
a. Calculate the impairment loss on each of the identifiable intangibles for 2020, following U.S. GAAP.
b. Calculate the impairment loss on each of the identifiable intangibles for 2020, following IFRS.