For each of the following scenarios, indicate whether a long-term asset has been impaired (Y for yes and N for no) and, if so, the amount of the loss that should be recorded. Prepare any necessary journal entry. (Click the icon to view the scenarios.) (Complete all input cells. Enter a "0" to show no loss.) Carrying Amount Impaired? (Y or N) Asset Amount Value in Use Fair Value of Loss a. Equipment $170,000 $ 130,000 $90,000 Y 80000 b. Trademark $370,000 $510,000 $425,000 N C. Land $56,000 $28,000 $25,000 Y 28000 d. Factory building $7 million $7 million $5 million N Prepare the necessary journal entries for any impairment. (Record debits first, then credits. Explanations are not required. If no journal entry is required, select "No entry required" on the first line of the journal entry. Leave unused cells blank.) a. Equipment Journal Entry Date Accounts Debit Credit b. Trademark Journal Entry Choose from any list or enter any number in the input fields and then continue to the next question. For each of the following scenarios, indicate whether a long-term asset has been impaired (Y for yes and N for no) and, if so, the amount of the loss that should be recorded. Prepare any necessary journal entry. (Click the icon to view the scenarios.) b. Trademark Journal Entry Date Accounts Debit Credit c. Land Journal Entry Date Accounts Debit Credit d. Factory building Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question. For each of the following scenarios, indicate whether a long-term asset has been impaired (Y for yes and N for no) and, if so, the amount of the loss that should be recorded. Prepare any necessary journal entry. (Click the icon to view the scenarios.) c. Land - X Scenarios i Journal Entry Date Accounts Debit Credit Carrying Amount Impaired? (Y or N) Asset Amount Value in Use Fair Value of Loss a. Equipment b. Trademark $ 170,000 $370,000 $ 130,000 $510,000 $90,000 $425,000 $25,000 d. Factory building C. Land $56,000 $28,000 Journal Entry d. Factory building $7 million $7 million $5 million Date Accounts Debit Credit Print Done Choose from any list or enter any number in the input fields and then continue to the next