PART A: Impairment of PP&E On January 1, 2018, Suarez Company purchased equipment for $9,000,000. Suarez expected the equipment to have a useful life of 20 years, with a $1,000,000 salvage value. Suarez uses straight-line depreciation. a. Prepare the journal entry to record depreciation expense for 2018. b. On January 1, 2019, Suarez changed its estimate and determined that the initial useful life of the equipment should have been 13 years, and that the machine would have a salvage value of $1,400,000. Prepare the journal entry to record depreciation expense for 2019. c. On December 31, 2019, an impairment analysis indicated that the fair market value of the equipment was $4,800,000, and that the equipment would generate expected future net cash flows of $7,000,000. Prepare any necessary journal entry at December 31, 2019, assuming that the entry from b has already been made. d. In which section of Suarez's 2019 Income Statement would the impact of the entry from c appear