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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 $ and has accumulated depreciation of $ The expected future
net cash flows from the use of the asset are expected to be $ The fair value of the equipment is $
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 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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