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You are viewing Attempt 1 / Continue Work Presented below is information related to equipment owned by Swifty Company at December 3 1 , 2

You are viewing Attempt 1/ Continue Work
Presented below is information related to equipment owned by Swifty Company at December 31,2025
Assume that Swifty will continue to use this asset in the future. As of December 31,2025, the equipment has a remaining useful life
of 4 years and no salvage value.
(a)
Your answer is partially correct.
Prepare the journal entry (if any) to record the impairment of the asset at December 31,2025.(If no entry is required, select "No
Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not
indent manually. List debit entry before credit entry.)
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