Sunland Ltd$.$ purchased equipment on January $1,2022$ at a cost of $$208,800.$ The equipment has an estimated useful life of $10$ years

and a residual value of $$11,600.$ Sunland realized that there was a declining demand for the product being produced by the equipme

Given this indicator of possible impairment, management determined that the recoverable amount of the asset on December $31,20$

was $$121,800.$ The company uses the straight$-$line method of depreciation.