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Sunland Company owns equipment that cost $ 1 , 0 1 7 , 0 0 0 and has accumulated depreciation of $ 4 2 9

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 $615,000. 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 and
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
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