Question 2 Partially correct Not graded Flag question Assets Held for Sale Information on three plant assets currently held for sale follows. Plant Asset Original Cost Accumulated Depreciation Fair Value Selling Costs #101 #102 $50,000 88,000 $40,000 $11,000 $500 17,600 60,000 3,000 #103 176,000 88,000 80,000 8,000 Required a. Which plant asset(s), if any, requires an impairment loss to be recognized, and for what amount? Note: Include a negative sign with a loss. Plant Asset Loss #101 $ #102 (3,000) x #103 0 x b. Record the journal entry for the impairment loss (if any). Account Record the impairment loss. Dr. Cr. 0 0 x 0 0