D Question 9 In 2018, assume Genes Co. owns a CRSPR machine (a piece of equipment used in gene editing) with a net book value of $15,000,000 Genes Co. leams that Congress has passed a law that bans research on genetically modified broccoli and President Stephan plans to sign it. As a result, Genes Co. believes the CRSPR machine might be impaired. Genes Co. Identifies an opportunity to move overseas and continue its research, and therefore believes the CRSPR machine will generate $10,000,000 in undiscounted future cash flows over the next 4 years. With competitors also selling their CRSPR machines, however, the fair value of the machine has dropped to $6,000,000. If Genes Co. records a journal entry for impairment, which of the following will be part of the entry: O Debit Impairment Expense (1-E) 9,000,000 O Credit Equipment (B-A) 5,000,000 O Debit Equipment (B-A) 5,000,000 O Debit Impairment Expense (1-E) 5,000,000 O None of the above