Prepare the journal entry to record impairment of the asset at december $31,2020.$

Question 4 of 9 Current Attempt in Progress Presented below is information related to equipment owned by Windsor Company at December 31, 2020. Cost Accumulated depreciation to date Expected future net cash flows Fair value 0.25 / 3 Assume that Windsor will continue to use this asset in the future. As of December 31, 2020; the equipment has a remaining useful life of 5 years. Your answer is partially correct. Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2020. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not Q Search Question 4 of 9 Current Attempt in Progress Presented below is information related to equipment owned by Windsor Company at December 31, 2020. Cost Accumulated depreciation to date Expected future net cash flows Fair value 0.25 / 3 Assume that Windsor will continue to use this asset in the future. As of December 31, 2020; the equipment has a remaining useful life of 5 years. Your answer is partially correct. Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2020. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not Q Search