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Determine an entry to record the impairment should

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Reference no: EM133006039

Problem 1: An entity determines that a printing press used in its operations has suffered because of technological changes. An entry to record the impairment should?

a. Recognize an extraordinary loss for the period.
b. Include a credit to the equipment accumulated depreciation account.
c. Include a credit to the equipment account.
d. Not be made if the equipment is still being used.

Reference no: EM133006039

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