Tank Top Menswear, Ltd$,$ an IF RS ceporter, reported net plant and equipment of $$1,600,000.$ These assets cost $$2,500,000$ with aco $$500,000$ Based on recently assessed negative esidence. Tank Tep's managament concluded that its plant assets might be impaire assets impared? If there is an impsiment loss, prepare the joumal entry necessary to record the impairmsnt.

Conduct the impaiment lests indicated for assots othar than goodwil at the send of the year, one year atter the acquisition. Start with $p$

Plant and

Part $1$:

Equipment

Recorverable amsur: