Presented below is information related to equipment owned by Novak Comparry at December 31, 2025. Assume that Novak 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 joumal entry (if amy) to record the impairment of the asset at December 31, 2025. (0f no entry is required, select "No entry" for the account titles and enter Ofor the amounts. Credit occount tibles are outomaticelly indented when amount is entered. Do not Indent manually, List deblt entry before credit entry) Prepare the joumal entry to record depreciation experse for 2026. Of no entry is requlred, select "No entry" for the occount titles and enter 0 for the amounts. Credit account titles are outomatloslly indented when amount is entered. Do not indent manually List debit entry before credit entry) The fair value of the equipment at December 31,2026 , is $6,375.000. Prepare the journal entry (if any) necessary to record this increase in fair value off no entry is required, select "No entry" for the account titles and enter Ofor the omounts Credit accocint ditles are outomaticolly indented when amount is entered. Do not indent manuolly Ust deblt entry before credit entry)