Sloan to purchased equipment in 2015 at a cost of $600.000. Two years later the undiscounted future cash flows of the equipment was 5440.000. The book value of the asset.is 5480.000 and it is timated that the fair value is 5360 000. The entry to record the impairmentis Spact one Retired Earrings 40.000 Accurated bereciation - Event 40.000 o Loss on piment of Equipment 120,000 Reserve for Loss on rument of Egmont 6 No Intry necettar Od Lou on aiment Equipment 120,000 Accumulated Depreciation Equipment 120.000 120.000 Loss on mont of Equipment 40.000 Accurated Depreciation Equipment 40.000