Presented below is information related to equipment owned by Bramble Company at December 31, 2020.

Cost		$6,550,000
Accumulated depreciation to date		740,000
Expected future net cash flows		5,720,000
Fair value		3,810,000

Assume that Bramble will continue to use this asset in the future. As of December 31, 2020, the equipment has a remaining useful life of 4 years and no salvage value.

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 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)