As of 1/1/2014, Jurassic Company owns equipment that cost $900,000 and has accumulated depreciation of SMO.OOO. The expended future net cash flows from the use of the asset are expected to be $500,000. The fair value of the equipment Is $400,000 as of 1/1/2014.The equipment will be held for disposal starting 1/1/2014. Prepare the journal entries to record the Impairment loss, it any. as of 1/1/2014. and the depreciation on the equipment for the year 2014