Determine carrying amount and record impairment loss. (SO 3) AP Calculate revised the equipment's life. BE9-10 Cherry Technology purchased equipment on January 4, 2012, for $250,000. The equipment had an estimated useful life of six years and a residual value of $10,000. The company has a December 31 year end and uses straight-line depreciation. On December 31, 2014, the company tests for impairment and determines that the equipment's recoverable amount is $100,000. (a) Calculate the equipment's carrying amount at December 31, 2014 (after recording the annual depreciation). (b) Record the impairment loss. BE9-11 Parmar Cleaning Services purchased equipment for $65,000 on January 2, 2011. Management idual malus off 500. On Janua