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1-Prepare the journal entry for the equipment at December 31,2026. The fair value of the...

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Accounting

1-Prepare the journal entry for the equipment at December 31,2026. The fair value of the equipment at December 31,2026, is
estimated to be $6,018,000.(If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account
titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.)2-Prepare the journal entry (if any) to record the impairment at December 31,2025 and at December 31,2026, assuming that Nash
intends to dispose of the equipment and that it has not been disposed of as of December 31,2026.(If no entry is required, select "No
entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not
indent manually. List all debit entries before credit entries.)
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