Exception:
Apostrophes are used to indicate an abbreviation.
"
It is going to lose its loose wheel". = "
It's going to lose its loose wheel".
Note that you MUST NOT put an apostrophe in the possessive pronouns "
its, his, her, their, our, your".
It's = "it is" or "it has".
"
It's lost
its wheel".
"
It's losing
its wheel".