me BlackbN ASUNMCampus Biness Calculus 01-25-20 12 Chapter of Accounting X weetheation.com apter 08: Accounting for Long-Term Assets 6 QS 8-7 Recording plant asset impairment LO C2 Assume a company's equipment carries a book value of $66.400 547850 cost less 51450 accumulated depreciation and a fair value of $42.775, and that the $3.625 decline in for value in comparison to the book value meets the two-step impairment test Prepare the entry to record this $3,625 impairment. Journal entry worksheet Record the impairment loss of $3,625 for the equipment Noter debitore credits Transaction General Journal Debit Credit Record entry Clear entry View general al