Firm X buys an asset worth $$10,000.$ At the end of year $1$ the asset has a fair value of

$9000.$ At the end of year $2,$ the asset has a fair value of $8000$ and at the end of year $3$

the asset has a fair value of $8800.$ What will be the impact in X$$s financial statements

in these $3$ years. Show impact with explanation