Current Attempt in Progress Presented below is information related to equipment owned by Oriole Company at December 31, 2020. Cost $10,800,000 Accumulated depreciation to date 1,200,000 Expected future net cash flows Fair value 8,400,000 5,760,000 Assume that Oriole will continue to use this asset in the future. As of December 31, 2020, the equipment has a remaining useful life of 5 years. (a) Your answer is partially correct. . 4 Prepare the journal entry if any) to record the Impairment of the asset at December 31, 2020. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically Indented when amount is entered. Do not Indent manually) (a) Your answer is partially correct. Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2020. (If no entry is required, select "No entry for the account titles and enter O for the amounts. Credit account titles are automatically Indented when amount is entered. Do not Indent manually) Date Account Titles and Explanation Dec. 31 Recovery of Loss from Impairment. Debit Credit 366400 eTextbook and Media List of Accounts Save for Later (b) 386400 Attempts: 2 of 4 used Submit Ar The parts of this question.mat becometed in order. This pact will be available when you compilation