In Its Acquisition of Spitfire Company on January 1, 2019

In its acquisition of Spitfire Company on January 1, 2019, Philips Industries identifies the following intangibles belonging to Spitfire but not reported on its books. All are separately capitalized per ASC Topic 805.
$\begin{array}{|l|c|c|} \hline & \begin{array}{c} \text { Fair Value, } \\\text { January 1, 2019 }\end{array} & \text { Useful Life } \\\hline \text { Licensing agreements } & \$ 800 & 5 \text { years, SL } \\\hline \text { Brand names } & 5,000 & \text { Indefinite } \\\hline \text { Customer lists } & 20,000 & 4 \text { vears, SL. }\\\hline \end{array}$

Philips follows U.S. GAAP and is consolidating Spitfire at December 31, 2021 (3 years after the acquisition). No impairment losses were reported on the licensing agreements or customer lists in 2019 or 2020. An impairment loss of $\$ 1,000$ was reported on the brand names in 2020 . Because expectations regarding future performance have significantly declined, Philips decides to skip the qualitative assessment option, where allowed, and performs a quantitative impairment test for all three intangible assets.

On December 31, 2021, the following information is available:

$\begin{array}{|l|c|c|}\hline&\text { Total Expected Future Cash } &\text { Total Expected Future Cash } \\\text { Intangible Asset } & \text { Inflows, Undiscounted } & \text { Inflows, Discounted }\\\hline\text { Licensing agreements } & \$ 350 & \$ 280 \\\hline \text { Brand names } & 3,000 & 2,500 \\\hline \text { Customer lists } & 5,100 & 4,200\\\hline\end{array}$
Required
a. What is the impairment loss for the identifiable intangibles for 2021, following U.S. GAAP?
b. What is the impairment loss for the identifiable intangibles for 2021, following IFRS?