PRINTER VERSIO Exercise 153 (Part Level Submission) Presented below is information related to copyrights owned by Wamser Corporation at December 31, 2017 Cost $6,000,000 Carrying amount 5,200,000 Expected future net cash flows 4,700,000 Fair value 3,200,000 Assume Wamser will continue to use this asset in the future. As of December 31, 2017, the copyrights have a remaining useful life of 5 years. (a) Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2017. (Credit account titles are automatically indented when th manually.) Account Tities and Explanation Credit Dec 31, 2017 Loss on Impairment Copyrights Click if you would like to show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS Attempts: 1 of 3 used (6) Prepare the journal entry to record amortization expense for 2018 related to the orights. (In Ghery is required, select "No Entry for the countries and enter for the amo Credit account titles are automatically indented when amount is entered. Do not indent manual) Accountries and Explanation Credit ACOUNTS TEXT