Question: a step by step solution please, thank you At December 31, 2020. Great Coast Coffee Company's adjusted trial balance shows an espresso machine with a

a step by step solution please, thank you

At December 31, 2020. Great Coast Coffee Company's adjusted trial balance shows an espresso machine with a book value of $22.000. As part of the year end procedures GCC completed the asset Impalment test on the machine and noted that the recoverable value of the machine was $6,000. Record the impairment loss on the asset

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