Presented below is information related to equipment owned by Windsor Company at December $31,2025.$

Windsor intends to dispose of the equipment in the coming year. It is expected that the cost of disposal will be $$21,600.$ As of

December $31,2025,$ the equipment has a remaining useful life of $5$ years.

$($a$)$

Your answer is partially correct.

Prepare the journal entry $($if any$)$ to record the impairment of the asset at December $31,2025.($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. List debit entry before credit entry.$)$

Date

Account Titles and Explanation

Debit

Credit

Dec. $31$

Loss on Impairment

Accumulated Depreciation $-$ Equipment