Requirement c. Assume that 2 years following the impairment write-down, the fair value of the asset falls to $726,000. The sum of the undiscounted future cash flows is $754,000. What is the carrying value of the asset at this time? Prepare any journal entry necessary to reflect the change in fair value. What is the carrying value of the asset at this time? The carrying value of the asset two years following the impairment write-down is