Identifying and Recording Impairment Loss on Fixed Asset Supreme Inc. has equipment with an original cost of 51,040,000, and accumulated depreciation of $480,000. Supreme is aware of a general market decline in the value of this equipment due to upgrades that are now available. Supreme estimates the total remaining future net cash inflows from operating the equipment to be 5640,000. The fair value of the plant is estimated to be $480,000 based on conditions in the local market. Prepare the entry, if any, that Supreme should make to record the decline in value Note: If a line in a journal entry isn't required for the transaction, select "N/A as the account name and leave the Dr. and Cr, answers blank (zero). Account Name Dr