could you refresh on how to find carrying value and depreciation

Monty Compary uses special stragping equipment in its packaging business. The equipment was purchased in January 2019 for \$8. 100,000 and had an estimated useful life of 8 years with no salvage value. At December 31,2020 , new technology was introduced that would accelerate the obsolescence of Monty's equipment. Monty's controller estimates that expected future net cash flows on the equipment will be $5,062,500 and that the fair value of the equipment is $4,455,000. Monty intends to continue using the equipment, but it is estimated that the remaining useful life is 4 years. Monty uses straight-fine depreciation. What is the carrying value of the equipment at December 31,2020 ? Cartying value 5 Prepare the journal entry (if any) to record the impairment at Decerpber 31, 2020. (Credit account titles arz automatically indented when the amount is entered. Do not indent monuolly. If no entry is required, seleet "No Entry" for the account titles and enter Ofor the amounts) Prepare anw ournat entries for the equipmentat December 31, 2021. The fair value of the ecuipment at Oecember 31, 2021. is es timated to be \$4 657. 500 (Credit acoount titles are autimatically 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. Prepare any joumal entries for the equipment at December 31, 2021. The fair value of the equipment at December 31, 2021, is estimated to be $4,657,500. (Credit occount titles are outomatically indented when the amount is entered. Do not indert manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Prepare the fournal entry (if any) to record the impairment at December.31, 2020. assuming that Monty intends to dispose of the equipment and that it has not been disposed of as of December 31, 2021. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter ofor the amounts.)