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Part 1 of 3 Points: 0 of 1 Save Luk Top Menswear Lid reported net plant and equipment of $1,622.000. These assets cost 2.505.000 with acounted depreciation taken to date of 5883,000 Based on recently assessed negative evidence Luke Top's management concluded that its plant assets might be paired Luke Top estimates total expected future cash flows from the use of the assets as only $1.320.000 and are the turvake of the 51.622.000. Are the company's assets impaired? If there is an impairment loss prepare the journal entry necessary to record the impairment Conduct the marment test for plant and equement at the end of the year to determine whether Like Top Mannaear's assets are impaired Step 1: Plant and Equipment minded