Splish Company purchased machinery on January 1,2025, for $99,200. The machinery is estimated to have a salvage value of $9,920 after a useful life of 8 years. (a) Compute 2025 depreciation expense using the double-declining-balance method. Depreciation expense Nash Company owns equipment that cost $918,000 and has accumulated depreciation of $387,600. The expected future net cash flows from the use of the asset are expected to be $560,000. The fair value of the equipment is $408,000. Prepare the journal entry, if any, to record the impairment loss. (If no entry is required, select "No entry" for the account titles and enter 0 for the amoints. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.)