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QS 8-8 Recording plant asset impairment @c2 Equipment has a book value of $16,000 and a fair value of $14,750. The decline in value meets

QS 8-8 Recording plant asset impairment @c2 Equipment has a book value of $16,000 and a fair value of $14,750. The decline in value meets the impairment test. Prepare the entry to record this $1,250 impairment

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