Redwood Company performs an assessment annually for possible impairment losses and has gathered the following information pertaining to selected assets at December 31, 2021: 
Instructions
Determine if the assets identified by Redwood are impaired and prepare any necessary adjusting entries to record the impairments.
Definitions:
Organic Compound
A compound primarily made of carbon atoms bonded with other elements like hydrogen, oxygen, and nitrogen.
Carbon
A chemical element with symbol C, known for its ability to form a vast number of compounds, more than any other element, due to its four valence electrons.
Hydrogen Atoms
The simplest and most abundant atom in the universe, consisting of one proton and one electron.
Covalent Bond
A type of chemical bond where two atoms share one or more pairs of valence electrons to achieve stability.
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