View Policies Av Current Attempt in Progress Presented below is information related to equipment owned by Oriole Company at December 31, 2020. Q Ac Cost $7,280,000 Accumulated depreciation to date 760,000 Expected future net cash flows Fair value 5,770,000 3,690,000 Qu Acce Que Acco View Accos Assume that Oriole will continue to use this asset in the future. As of December 31, 2020, the equipment has a remaining useful life of 4 years and no salvage value. Ques Accoun (a) Quest Account Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2020. (If no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles amou Questi Do not