During $2023,$ Wildhorse's circuit board business is experiencing significant competition from companies with more advanced low$-$

heat circuit boards. As a result, at June $30,2023,$ Wildhorse conducts an impairment evaluation of the stamping machine

purchased in $2021.$ Wildhorse determines that undiscounted future cash flows for the machine are estimated to be $$15,730$ and

the fair value of the machine, based on prices in the re$-$sale market, to be $$14,430.$

Prepare the journal entry to record an impairment, if any, on the stamping machine. $($Credit account titles are automatically indented

when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the

amounts. List debit entry before credit entry.$)$

Account Titles and Explanation

Loss on Impairment

Debit

Credit

Credit