Presented below is information related to equipment owned by Coronado Company at December 31,2025. Assume...
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Accounting
Presented below is information related to equipment owned by Coronado Company at December 31,2025. Assume that Coronado will continue to use this asset in the future. As of December 31,2025 , the equipment has a remaining useful life of 5 years. (a) Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2025. (if no entry is required, select "No entry" for the occount tities and enter 0 for the amounts. Credit occount titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry)
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