Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2025. Prepare the journal entry to record depreciation expense for 2026. The fair value of the equipment at December 31, 2026, is $5,100,000. Prepare the journal entry (if any) necessary to record this increase in fair value.

Current Attempt in Progress Presented below is information related to equipment owned by Windsor Company at December 31,2025. Windsor intends to dispose of the equipment in the coming year. It is expected that the cost of disposal will be $21,600. As of December 31,2025 , the equipment has a remaining useful life of 5 years