At December 31,2020,Great Coast Coffee Company's adjusted trial balance shows an espresso machine with a book value of $22,000.As part of the year end procedures GCC completed the asset impairment test on the machine and noted that the recoverable value of the machine was $6,000.Record the impairment loss on the asset.

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The Answer of At December 31,2020,Great Coast Coffee Company's adjusted trial balance shows an espresso machine with a book value of $22,000.As part of the year end procedures GCC completed the asset impairment test on the machine and noted that the recoverable value of the machine was $6,000.Record the impairment loss on the asset.

At December 31,2020,Great Coast Coffee Company's Adjusted Trial Balance Shows