During $2024,$ YellowCard constructed a small manufacturing facility specifically to manufacture one particular accessory. YellowCard paid the construction contractor $$5,000,000$ cash $($which was the total contract price$)$ and placed the facility into service on January $1,2025.$ Because of technological change, YellowCard anticipates that the manufacturing facility will be useful for no more than $10$ years. The local government where the facility is located required that, at the end of the $10-$year period, YellowCard remediate the facility so that it can be used as a community center. YellowCard estimates the cost of remediation will be $$500,000.$YellowCard uses straight$-$line depreciation with $$0$ salvage value for its plant asset and a $10\%$ discount rate for asset retirement obligations.Required:$1.$ How does this event impact the financial statements as at Dec $31,2025?$