Swifty Company uses special strapping equipment in its packaging business. The equipment was purchased in January $2019$ for $$10,200,000$ and had an estimated useful life of $8$ years with no salvage value. At December $31,2020,$ new technology was introduced that would accelerate the obsolescence of swifty's equipment. Swifty's controller estimates that expected future next cash flows on the equipment will be $$6,375,000$ and that the fair value of the equipment is $$5,610,000.$ swifty intends to continue using the equipment but it is estimated that the remaining useful life is $4$ years. swifty uses straight line depreciation. $($b$)$ Prepare any journal entries for the equipment at december $31,2021.$ The fair value of the equipment at december $31,2021,$ is estimated to be $$5865000$