Equipment was purchased on January 1, 2021 at the cost of $256,000. The equipment had a 10-year expected useful life and a residual value of $45,500. The equipment is being depreciated using the straight-line method. An impairment test was conducted for the asset on December 31, 2021. Due to rapid technological change, the equipment has a recoverable amount of $212,600.

Depreciation expense for the current year (nearest dollar without comma, e.g. 15000): Answer

2. Impairment loss recorded at the end of year one (nearest dollar without comma, e.g. 15000): Answer

3. Equipment's carrying amount, ending balance sheet for year one (nearest dollar without comma, e.g. 15000): Answer