Question 25 6 points Save Answer Presented below is information related to equipment owned by Suarez Company at December 31, 2019 Cost Accumulated depreciation to date Expected future et cash flows Fair value $ 16,587,000 1.843,000 12,901,000 8,846,400 Assume that Suarez will contine to use this asset in the future. As of December 31, 2019, the equipment has a remaining useful life of 5 years. 1. Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2019. 2. Prepare the journal entry to record depreciation expense for 2020 Your answer Arial TT TT Paragraph %DOQE 3 (12pt) 3 . E T T' T, 2 251 Path Words: Question 25 of 29 RPM Ok. Moving to another question will save this response. x TelephoneDirectory.. FAST-PASS Registre... 0 Wil 05.05.20doc.doc 9 Take Test Finalba. BOS-8X5MCV2