23. A change in estimate should a. result in restatement of prior period statements b. be handled in current and future periods. c. be handled in future periods only d. be handled retroactivelv 24. After a company records an impairment loss using U.S GAAP a. the company may restore an impairment loss for an asset held for use in the following year b. the reduced carrying amount of an asset becomes its new cost basis. 6--Final A-Intermediate Accounting I, December 2014 c. the company usually records the loss as an extraordinary gain. d. the company usually record the loss as a contra current asset. 25. Which of the following are matched correctly for Tangible Assets, Intangible Assets, and Wasting Assets (Natural Resources) and their write-offs? Intangible Assets Depreciation Amortization Amortization Depletion Amortization Wasting Assets Depletiorn Amortization Depletion Depletion Amortization Tangible Assets a. Depreciation Depreciation Depreciation Depreciation Depletion C