We review the carrying value of all long-lived assets for impairment, primarily at a store level, whenever events or changes in circumstances indicate that the carrying value of an asset ma exceeds the estimated undiscounted future cash flows over the remaining useful life. Our estimate of undiscounted future cash flows over the store lease term is based upon our experie margin, employment rates, lease escala- tions, inflation on operating expenses, and the overall economics of the retail industry, and they are therefore subject to variability and difficult to REQUIRED Prepare journal entries to record the following for fiscal 2018: a. Depreciation expense b. Capital expenditures c. Impairment of property and equipment (Assume that impairments and write-downs reduce the property and equipment account, rather than increasing accumulated depreciation.) d. Disposal of property and equipment We review the carrying value of all long-lived assets for impairment, primarily at a store level, whenever events or changes in circumstances indicate that the carrying value of an asset ma exceeds the estimated undiscounted future cash flows over the remaining useful life. Our estimate of undiscounted future cash flows over the store lease term is based upon our experie margin, employment rates, lease escala- tions, inflation on operating expenses, and the overall economics of the retail industry, and they are therefore subject to variability and difficult to REQUIRED Prepare journal entries to record the following for fiscal 2018: a. Depreciation expense b. Capital expenditures c. Impairment of property and equipment (Assume that impairments and write-downs reduce the property and equipment account, rather than increasing accumulated depreciation.) d. Disposal of property and equipment