Wagner Products reported a write-down loss of $64,000 for one of its plant assets on December 31, 2022. The asset is currently held for disposal. At December 31, 2023, the fair value of the asset increased by $94,000. Can Wagner record a recovery? Prepare the journal entry to record the recovery if it is permitted. CHE Determine whether Wagner can record the recovery. Wagner V record the recovery Now, prepare the journal entry to record the recovery if it is permitted as of December required" on the first account line and leave the remaining cells blank.) 2023. (Record debits first, then credits. Exclude explanations from any journal entries. If no entry is required, select "No entry Account December 31, 2023