Presented below is information related to equipment owned by Tamarisk Company at December 21, 2000 Cost $10.440.000 Accumulated depreciation to date 1,160,000 Expected future net cash flows Fair value 8,320,000 5568.000 Tamarisk intends to dispose of the equipment in the coming year. It is expected that the sant of depresal will be $23.200 of December 31.2020 the equipment has a remaining useallife of 5 years Your answer is correct. Prepare the journal entry if any) to record the impairment of the asset at December 31, 2020 fro entry and select Ne entry for the account titles and enter 0 for the amounts Credit account tiles are outomatkally indeed when amount intert. De Indent manually) Date Account Titles and Explanation Dec. 31 Lon Delit 73200 Credit Accumdated Depreciation-int eTextbook and Media List of Accounts Your answer in partic Prepare the journal entry of any to record deprecation expe for 2021.0f no entry budete ry for the tities and enter for the amounts Credit account titles are automatically indented when amunt and Dotty Account Titles and Explanation eTextbook and Media List of Accounts Deb Credit The was not d by Dober 31 The fake of the spent that 35148,000 the We try far the acont tant De not den my 200 Date Dec Accounts and Explanation Credit