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Presented below is information for equipment owned by Flounder Company at December 31, 2025: Assume that Flounder will continue to use this asset in the

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Presented below is information for equipment owned by Flounder Company at December 31, 2025: Assume that Flounder will continue to use this asset in the future. As of December 31.2025 , the equipment has a remaining useful life of 4 years: Prepare the fournal entry (if amy) to record the impairment of the asset at December 31, 2025. (Credlt occount titles are outamaticaily indented when the amount is entered. Do not indent monuolly If no entry is required, select "No Entry" for the octount tities and enter O for the anounts, (ist debit entry before credit entry)

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