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 $192,000 $100,000 $90,000 $3,000 90,000 2,000 60,000 2,000 560,000 300,000 280,000 14,000 3 a. Which cases(s), if any, require an impairment loss to be recognized, and for what amount? 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