Business, 16.10.2019 04:00 jabezslade22

Marston acquired assets for $100,000. at the end of year 3, the assets had accumulated depreciation of $40,000. an impairment loss was indicated, and the fair value of the assets was $48,000. the journal entry to record the impairment loss will include (select all that apply.)
(a)-debit to accumulated depreciation of $40,000
(b)-debit to loss on impairment of $12,000
(c)-credit to assets of $52,000

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Marston acquired assets for $100,000. at the end of year 3, the assets had accumulated depreciation...

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