Windsor Company uses special strapping equipment in its packaging business. The equipment was purchased in January 2024 for $10,800,000 and had an estimated useful life of 8 years with no salvage value. At December 31,2025 , new technology was introduced that would accelerate the obsolescence of Wind sor's equipment. Windsor's controller estimates that expected future net cash flows on the equipment will be $6,804,000 and that the fair value of the equipment is $6,048,000. Windsor intends to continue using the equipment, but it is estimated that the remaining useful life is 4 years. Windsor uses straight-line depreciation. Prepare the journal entry for the equipment at December 31, 2026. The fair value of the equipment at December 31,2026, is estimated to be $6,372,000. (If no entry is required, select "No entry" for the account titles and enter o for the amounts. Credit occount titles are outomatically indented when amount is entered. Do not indent manually, List debit entry before credit entry.)