Bramble Incorporated purchased equipment for $1,920,000 in 2025. Four years later, accumulated depreciation on the equipment equals $495,000. Improved technology on this type of equipment has impaired the value of the equipment. Bramble plans to continue to use the equipment despite there being new technology available. Future cash flows are estimated to be $1,207,000. The controller believes the current fair value of the equipment to be approximately $603,500. What journal entry is needed by Bramble to record the impairment on the equipment? (Credit account titles are automatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts List debit entry before credit entry) Account Titles and Explanation Debit Credit