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kindly attached is the information given for my homework. please take a look, thank you so much Exercise 11-17 Presented below is information related to

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kindly attached is the information given for my homework. please take a look, thank you so much

image text in transcribed
Exercise 11-17 Presented below is information related to equipment owned by Bramble Company at December 31, 2017. 1 Cost $9,270,000 , Accumulated depreciation to date 1,030,000 ' Expected future net cash ows 7,210,000 l Fair value 4,944,000 l l Bramble intends to dispose of the equipment in the coming year. It is expected that the cost of disposal will be $20,600. As of December 31, 2017, the equipment has a remaining useful life i of 4 years. l Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2017. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account \"'16 and Explanation Debit Credit owl ll ll l l ll ll l SHOW LIST OF ACCOUNTS 1 l LINK To TEXT ' VIDEO: SIMILAR EXERUSE Prepare the journal entry (if any) to record depreciation expense for 2018. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account ' titles are automatically indented when amount is entered. Do not indent manually.) l Account Title and Explanation Debit credit I ll ll l l H H l l

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