Record the impairment loss and entry to remove accumulated depreciation in journal entry worksheet as well.

Atter recording depieciation for the current year, Media Mania incorporafed decided to discontinue using its printing equiporent The equipment had cost $746,000, accumulated depreciation was $541,000, and its faif vatue fbosed on entimated foture cash flows from 5eiling the equipriment) was 545,000 Required: 1. Determine whether the equipment is impaired 2. Prepare the journal enties to record the impaiment in asset if any. Complete this question by entering yeur answers in the tabs below. Determine whether the equipment is impalred