Data table Description Factory building (used in several segments) Less: Accumulated depreciation Net book value Land Carrying Value Estimated Fair Value $ 10,000,000 (4,500,000) 5,500,000 $ 8,900,000 S 7,000,000 $ 14,000,000 Lens manufacturing equipment S 2,100,000 Less: Accumulated depreciation (600,000) S 1,500,000 $ 1,100,000 Net book value Lens polishing equipment $ 3,000,000 Less: Accumulated depreciation (1,200,000) S 1,800,000 $ 1,625,000 Net book value General factory equipment (used in several segments) $ 6,500,000 Less: Accumulated depreciation (4,000,000) S 2,500,000 $ 2,400,000 Net book value Delivery trucks (used in several segments) $ 1,750,000 Less: Accumulated depreciation (300,000) $ 1,450,000 $ 1,125,000 Net book value - Data table Future Period Year 1 Year 2 Year 3 Year 4 Year 5 Total SA $ $ Cash Flow Projection 1,200,000 750,000 - 400,000 350,000 300,000 3,000,000 En Henne Optical Corporation reported the following information regarding long-term operating assets for its Lens Manufacturing Operations: (Click the icon to view the information.) Recent advances in technology have rendered the company's lens manufacturing operations nearly obsolete. Management projects the following future cash flows for its lens manufacturing operations. (Click the icon to view the cash flow projection table.) Read the requirements. Requirement a. Determine the asset group for purposes of impairment testing and justify your decision. Assets Factory Building Land Lens Manufacturing Equipment Lens Polishing Equipment General Factory Equipment Delivery Trucks Asset Group Justification Requirement b. Compute the impairment loss for the asset group identified in part (a) for the current year, if any. (If there is no impairment loss, leave the input field empty; do not enter a zero.) The impairment loss for the assets grouped is Requirement c. Prepare the journal entry to record the impairment loss, if needed. (Record debits first, then credits. Exclude explanations from any journal entries. If no entry is required select "No Entry Required" on the first line of the journal entry table and leave all remaining cells in the table blank.) Account Date of Impairment