For Porto company, the recoverability test compares $ to $ As a result, the asset the recoverability test, because isare less than so a on impairment is recorded in 2017 (b)Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2017 (c)Prepare the journal entry to record depreciation expense for 2018 (d)The fair value of the equipment at December 31, 2018 is $4,100,000 Prepare the journal entry (if any) necessary to record this increase in fair value