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29 Mars of 38 Factors that may contribute to, or may be assessed in relation to the impairment of fixed assets include Select one: a.

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29 Mars of 38 Factors that may contribute to, or may be assessed in relation to the impairment of fixed assets include Select one: a. environmental spills or damage b. elimination of a business unit due to corporate restructuring c. the changing economic benefits of an asset. d. all of the listed answers Notes Unsure 2 Marks 30038 Alexa Corporation has a calendar year end and owns equipment that was purchased for $225,000 on March 1. 2020. On December 31, 2021 after the year-end adjusting entries, the carrying amount of the asset is $155.000 Due to damage, management determines the recoverable value to be $125,000. Alexa would make the following entry related to this asset: Select one: O a Dr. Depreciation Expense $30,000; Cr. Accumulated Depreciation $30,000 O b. Dr. Loss on Impairment of Equipment $30,000; Cr. Equipment $30,000 c. Dr. Depreciation Expense $100,000; Cr. Equipment $100,000 O d. Dr. Loss on Impairment of Equipment S100,000; Cr. Equipment $100,000 Notes Unsere

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