Business, 18.12.2019 05:31 djennings8055

Lynch printing company determines that a printing press used in its operations has suffered a permanent impairment in value 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.

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