Carla Vista Snowboarding Company, a public company, purchased equipment on January 10, 2020, for $790,000. At that time. management estimated that the equipment would have a useful life of 10 years and a residual value of $50.000. Carla Vista uses the straight-line method of depreciation and has a December 31 year end. Carla Vista tested the equipment for impairment on December 31. 2024, after recording the annual depreciation expense. It was determined that the equipment's recoverable amount was $340,000, and that the total estimated useful life would be eight years instead of 10 , with a residual value of $10,000 instead of $50,000. Record the impairment loss, if any, on December 31, 2024. (Credit occount titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. List debit entry before credit entry.)