In the year ended December 31, 2017, Hexham Inc. (Hexham) reported net income of $6,400,000, which included a writeoff of $1,728,000 of company assets. During 2017 accounts receivable increased by $172,800, inventory increased by $302,720, and accounts payable decreased by $25,900. Depreciation expense in 2017 was $480,000 *A writeoff is a reduction in the carrying amount of an asset to some measure of its fair value. It's achieved by debiting an expense and crediting the asset. Required: a. What journal entry did Hexham make to record the writeoff of the assets? (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) view transaction list view general journal Journal Entry Worksheet Record the writeoff of the asset of $1,728,000. Debit Credit Date General Journal December 31, 2017 *Enter debits before credits done clear entry record entry