5B

Presented below is information for equipment owned by Grouper Company at December 31, 2025: Assume that Grouper will continue to use this asset in the future. As of December 31, 2025, the equipment has a remaining useful life of 4 years. (a) Fill the missing amounts and choose the correct option. 2rability test compares $ | to $ . As a result, the asset zst, because | is/are less than So so on impairment is recorded in 2025. - Your answer is partially correct. Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2025. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.)