Sunland Company owns equipment that cost $$1,017,000$ and has accumulated depreciation of $$429,400.$ The expected future net cash flows from the use of the asset are expected to be $$565,000.$ The fair value of the equipment is $$452,000.$

Prepare the journal entry, if any, to record the impairment loss. $($If no entry is required, select $"$No entry" for the account titles an enter $0$ for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.$)$

Account Titles and Explanation

Debit

Credit