Question 4 of 12 - / 0.5 View Policies Current Attempt in Progress Metlock Company owns equipment that cost $990,000 and has accumulated depreciation of $418,000. The expected future net cash flows from the use of the asset are expected to be $550,000. The fair value of the equipment is $440,000. Prepare the journal entry, if any, to record the impairment loss. (If no entry is required, select "No entry" for the account titles and enter Ofor the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Attempts: 0 of 2 used Submit Answer Save for Later Using multiple attempts will impact your score. 70% score reduction after attempt 1