Assuming the fair value of the Laser shares is $1,260,000 and the value of its debt investment is $2,920,000, what entries, if any, should be recorded in 2022 related to impairment? (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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Assuming the fair value of the Laser shares is $1,260,000 and the value of its debt investment is $2...
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