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Vaughn Company owns equipment that cost $1,035,000 and has accumulated depreciation of $437,000. The expected future net cash flows from the use of the asset are expected to be $575,000. The fair value of the equipment is $460,000. Prepare the journal entry, if any, to record the impairment loss. (If no entry is required, select "No entry for the account tities and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit