2B. Record the impairment loss

Homework Help Save& Exit After recording depreciation for the current year, Media Mania Incorporated decided to discontinue using its printing equipment. T equipment had cost $766,000, accumulated depreciation was $589,000, and its fair value (based on estimated future cash flows f selling the equipment) was $63,000. 2. Prepare the journal entries to record the impairment in asset if any Complete this question by entering your answers in the tabs below Required 1 quired 2 Determine whether the equipment is impaired ep s Gs 3