You are viewing Attempt 2/ Continue Work Your answer is partially correct. Swifty Company owns machinery that cost $756,000 and has accumulated depreciation of $319,200. The present value of expected future net cash flows from the use of the asset are expected to be $420,000. The fair value less cost of disposal of the equipment is $336,000. 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 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Loss on Impairment 100800 Accumulated Depreciation Equipment 100800 e Textbook and Media List of Accounts Assistance Used Attempts: 2 of 3 used