Cost Accumulated depreciation to date Expected future net cash flows Fair value (a) Your Answer Assume that Metlock will continue to use this asset in the future. As of December 31, 2025, the equipment has a remaining useful life of 5 years. and Explanation rment Your answer is correct. Correct Answer (b) d Depreciation - Equipment Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2025. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.) eTextbook and Media Solution $9,900,000 List of Accounts 1,100,000 7,700,000 Account Titles and Explanation 5,280,000 Debit 3520000 Credit Debit 3520000 Prepare the journal entry to record depreciation expense for 2026. (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.) Attempts: 3 of 3 used

Assume that Metlock will continue to use this asset in the future. As of Decimber 31,2025, the equipment has a remaining useful ille of 5 vears. (a) Your answer is correct. Prepare the journal entry (if amp) to record the impairment of the asset at December 31, 2025. (af no entry is required, select "No entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entrys Autempts: a on aused (b) Prepare the journal entry to record depreciation expense for 2026 . fif no entry is reguired, 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. List debit entry before credit entrys