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Equipment has a book value of $27.200 and a fair value of $25,075. The decline in value meets the two-step impairment test. Prepare the entry

Equipment has a book value of $27.200 and a fair value of $25,075. The decline in value meets the two-step impairment test. Prepare the entry to record this $2,125 impairment View transaction list Journal entry worksheet

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