Bonita Company owns equipment that cost $981,000 and has accumulated depreciation of $414,200 The expected future net cash flows from the use of the asset are expected to be $595,000 The fair value of the equipment is $436,000 Prepare the journal entry, if any, to record the impairment loss (If no entry is required, select No entry for the occount tites and enter O for the amounts Credlt account tities are automatically indented when omount is entered Do not indent manually, List debit entry before credit entry)

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Bonita Company owns equipment that cost $981,000 and has accumulated depreciation of $414,200  The expected future net cash flows from the use of the asset are expected to be $595,000  The fair value of the equipment is $436,000  Prepare the journal entry, if any, to record the impairment loss  (If no entry is required, select  No entry  for the occount tites and enter O for the amounts Credlt account tities are automatically indented when omount is entered  Do not indent manually, List debit entry before credit entry)

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Bonita Company owns equipment that cost $981,000 and has accumulated depreciation of $414,200. The expected future net cash flows from the use of the asset

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