8. Metal Company acquired recycling equipment on January 1, 2022, at a cost of $160,000, has an estimated useful life of 10 years, an estimated salvage value of $10,000, and is depreciated using the straight-line method. Assuming that the equipment was sold for $100,000 in cash on December 31, 2023, record the appropriate journal entry for the disposal of the equipment. 9.Intangible Company has a patent on their balance sheet at $150,000. The expected future cash flows from this patent is $130,000, and the fair market value of the patent is $140,000. Record the journal entry for impairment, if necessary. If no entry is required, explain why