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Presented below is information related to equipment owned by Suarez Company at December 31, 2014. Assume that there have been changes in its use and

Presented below is information related to equipment owned by Suarez Company at December 31, 2014. Assume that there have been changes in its use and that Suarez will continue to use this asset in the future. As of December 31, 2014, the equipment has a remaining useful life of 4 years. Prepare the journal entry to record the impairment loss on December 31, 2014

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