$($c$)$

At December $31,2023,$ the equipment's recoverable amount is $$226,800.$ Prepare the journal entry $($if any$).($If no entry is required,

select $"$No entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when amount is

entered. Do not indent manually

Current Attempt in Progress

The management of Swifty Inc. was discussing whether certain equipment should be written off as a charge to current operations

because of obsolescence. This equipment has a cost of $$756,000$ with depreciation to date of $$336,000$ as of December $31,2022.$ On

December $31,2022,$ management projected the present value of future net cash flows from this equipment to be $$252,000$ and its fair

value less cost of disposal to be $$235,200.$ The company intends to use this equipment in the future. The remaining useful life of the

equipment is $4$ years.