19. Lamar 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 unusual loss for the period. B) include a credit to the equipment accumulated depreciation account. include a credit to the equipment account. D) not be made if the equipment is still being used. 20. Depletion expense A) is usually part of cost of goods sold. includes tangible equipment costs in the depletion base. C) excludes intangible development costs from the depletion base. D) excludes restoration costs from the depletion base. 21. Which of the following disclosures is not required in the financial statements regarding depreciation? A) Accumulated depreciation, either by major classes of depreciable assets or in total. B) Details demonstrating how depreciation was calculated. C) Depreciation expense for the period. D) Balances of major classes of depreciable assets, by nature and function. 6. The cost of a nonmonetary asset acquired in exchange for another nonmonetary asset when the exchange has commercial substance is usually recorded at A) the fair value of the asset given up, and a gain or loss is recognized. B) the fair value of the asset given up, and a gain but not a loss may be recognized. C) the fair value of the asset received if it is equally reliable as the fair value of the asset given up. D) either the fair value of the asset given up or the asset received, whichever one results in the largest gain (smallest loss) to the company