Presented below is information related to equipment owned by Finley Co. at 12/31/12. cost $700000000 accumulated depreciation to date $800000 Expected future net cash flows $5000000 fair value $3400000 assume the asset will continue to be used in the future and has 4 years useful life remaining. a: prepare journal entry to record impairment at 12/31/12 b: prepare journal entry to record depreciation expense for 2013 c: the fair value of the equipment at 12/31/13 is $4100000; prepare the journal entry (if any) to record this increase in fair value