Cultumber Corporation uses straight-line depreciastort prepares adjusting entries anrualhy, and han a December a1 year end it purchased equipenent en January 1, 2020 , for 5205.500. The equipment had an eatimated inveful life of five ynum and a readual vahie of \$21.012. On Decenbet 31, 2021, the comparty tests for inpairment and determinet that the equipment fair wation is 5106.200 (a) Your an were in incerted. Decmoer 31,2021, inmediately aftec recording depreciation for the year. eTextbook and Media Artempts: 1 of 3 used (b)