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1. What is impairment? Compare and contrast impairment for FC companies vs SE companies . 2. When a FC company impairs unproved properties, whether individually

1. What is impairment? Compare and contrast impairment for FC companies vs SE companies.

2. When a FC company impairs unproved properties, whether individually significant or not, the impairment is recorded by the following:

	a.	debiting an impairment expense account
	b.	debiting allowance for impairment
	c.	none of these
	d.	debiting an impairment asset account

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