Bramble Company owns equipment that cost $1,071,000 and has accumulated depreciation of $452,200. 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 $476,000. Prepare the journal entry, if any, to record the impairment loss... This is what I got but apparently it's wrong. What is the correct answer? Loss on Impairment $143,000 Accumulated Depreciation $143,000