13) Presented below is information for equipment owned by Porto Company at December 31,2025 : Assume that Porto will continue to use this asset in the future. As of December 31,2025 , the equipment has a remaining useful life of 4 years. Instructions (a) For Porto company, the recoverability test compares $ to S . As a result, the asset the recoverability test, because is/are less than so a on impairment is recorded in 2025. (b) Prepare the journal entry (if any) to record the impairment of the asset at December 31,2025. (c) Prepare the journal entry to record depreciation expense for 2026. (d) The fair value of the equipment at December 31,2026 is $4,100,000. Prepare the journal entry (if any) necessary to record this increase in fair value