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Completed an impairment test, determined there to be an impaiment loss on their equipment. Cost of equipment was $778,000, carry value was $351,120 and fair

Completed an impairment test, determined there to be an impaiment loss on their equipment. Cost of equipment was $778,000, carry value was $351,120 and fair value is $143,400. Record the following transaction as a journal entry.

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