Identifying and Recording Impairment Loss on Plant Asset

Three cases are provided below concerning a plant asset currently used in operations.

Required

a$.$ Which case$($s$),$ if any, requires an impairment loss to be recognized, and for what amount? Assume that indicators of

impairment are present in all cases.

Note: If the asset is not impaired, enter a zero $($or leave blank$)$ for the loss.

Note: Do not use negative signs with your answers.

b$.$ Record the entry for the impairment loss on the case$($s$)$ identified in part a $($if any$).$

Note: If a line in a journal entry isn't required for the transaction, select $"$N$/$A$"$ as the account names and leave the Dr$.$

and $Cr.$ answers blank $($zero$).$