@ Ch.10 Required HW Question 6 of 8 < > (c) Presented below is information related to equipment owned by Sunland Company December 31, 2025. Cost $10,170,000 Accumulated depreciation to date 1,130,000 Expected future net cash flows 7,910,000 Fair value 5,424,000 0.67/2 E Question List Question 1 Accounting Dropdown Question 2 Accounting Multistep 1/1 Correct 2/2 Correct Question 3 Accounting Multistep 0/3 x Incorrect Assume that Sunland will continue to use this asset in the future. As of December 31, 2025, the equipment has a remaining useful life of 4 years. Question 4 Accounting Multistep 2/2 Correct (a) Your answer is correct. Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2025. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.) Question 5 Accounting Dropdown Viewing Question 6 Accounting Multistep Question 7 Accounting Dropdown Question 8 Accounting Dropdown 1/1 Correct 0.67/2 Partially correct 2/2 Correct 2/2 Correct (b) Date Account Titles and Explanation Dec. 31 Loss on Impairment Accumulated Depreciation - Equipment eTextbook and Media List of Accounts Debit 3616000 Credit 3616000 Attempts: 2 of 3 used Prepare the journal entry to record depreciation expense for 2026. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.) Account Titles and Explanation eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 3 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above. SUPPORT