$6$ marks electric automobiles. The equipment is being depreciated using the double declining

balance method.

During the $2023$ year, new robotic technology was developed which is more efficient and

precise in manufacturing large machinery such as cars. Some of Saber's competitors have

already adopted this technology. Consequently, Saber conducts an impairment evaluation

of its robotic equipment purchased in $2022.$ The following information was gathered during

this evaluation, as of Saber's year end date of December $31,2023$ :

Undiscounted future cash flows

Expected costs of disposing of the equipment

Fair value of robotic equipment

Present value of future cash flows $($value in use$)$

Cost of robotic equipment

Accumulated depreciation on robotic equipment at December $31,2023$

$$483,714$

Saber Industries follows ASPE.

Required:

Determine the amount of the impairment loss, if any, for the robotic equipment for the $2023$

year. Prepare an entry to record any required adjustment.