Brent's Domino Manufacturing Company learned that one of its cutting machines is obsolete. Although the company will continue to use this machinery in the future, management believes that an impairment write-down is required. The following information relates to the cutting machine: The firm estimates that the machine has a useful life of 10 years and it has used it for four years. It has no salvage value. Read the requirements. Requirement a. Prepare the journal entry required to record the impairment loss