Assume that Bonita will continue to use this asset in the future. As at December 31,2023 , the equigment has a remaining useful life of four years. Bonita uses the straight-line method of depreciation. (a) Assume that Bonita is a private campary that follows ASPE. 1. Prepare the journal entry at December 31,2023 , to record asset impairment, if any 2. Prepare the joumal entry to record depreciation expense for 2024. 3. The equipment's fair value at December 31.2024 , is $4.81 milison. Prepare the journal entry, if any. to recond the increase in fair value. Credit account titles are dutomutically indented when the amount is entered. Do not indent manualiy. 1f no entry is requinsad, select "Wo Entry" for the occount titles and enter O for the amounts. List aW debit entries before credit entries.)