PROBLEM VI Data on Equipment are as follow: cost is $9,000 and Accumulated Depreciation as much as $1,000, while the Value in Use is $7,000 and Fair value less cost of disposal is $4,400. The company decided to continue to use this asset in the future. In Dec 31, 2020, the equipment has remaining useful life of 4 years. a. Record the journal entry (if any) to record the impairment of the asset at dec 31, 2019 b. Record the journal entry (if any) to record the depreciation of the asset at dec 31, 2020