Identifying and Recording Impairment Loss on Equipment Bolt Company purchased equipment on january 1 of Year 1 for $61.200. This equipment has an estimated useful life of five years, a residual value of 57,200 , and is depreciated using. the sum-of-the-years'digits method. At the beginning of Year 3 , 8 olt suspects that the original investment in the asset will not be realized; the total remaining future cash inflow expected to be produced through use of the equipment, including the original residual value, is $18,000. The equipment's fair value at january 1 of Year 3 is 512.600. a. Determine whether the asset is impaired and, if so, the amount of the impairment loss on january 1 of Year 3 , Note: if the asset is not impaired, enter a zero (or leave blank) for the loss. Note: Do not use a negative sign wath your answer. 1 b. Comnute depreciation for Year 3 . x