A company has some bottling equipment which cost $10.60 million, has a net book value of $5.15 million, estimated future cash flows of $3.91 million, and a fair value of $3.31 million. Which of the following correctly describes the recording of the asset impairment loss? The loss account is debited for $1.84 million and the asset account is credited for $1.84 million. The loss account is debited for $1.24 million and the asset account is credited for $1.24 million. The loss account is debited for $7.29 million and the asset account is credited for $7.29 million. The loss account is debited for $6.69 million and the asset account is credited for $6.69 million