Recording Impairment Loss on Asset Held for Sale Three cases are provided below concerning a plant asset currently held for sale. Accumulated Case Original Cost Depreciation Fair Value Selling Costs $20,000 $18,000 2 3 $38,400 18,000 400 12,000 112,000 60,000 56,000 $600 400 2,800 a. Which cases(s), if any, require an impairment loss to be recognized, and for what amour Note: If the asset is not impaired, enter a zero (or leave blank) for the loss. Note: Do not add any negative signs with your answers. Impairment Loss Case 1 $ Case 2 $ Case 3 b. Record the entry for the impairment loss on the case(s) identified in part a (if any). Account Name Dr. Cr