51. Gibbon Corp., a Canadian public corporation, owns equipment for Which the following year- end information is available: Carrying amount (book value) $59,000 Recoverable amount. . . ... $52,000 Fair value less disposal costs.. . . . . $55,000 Which of the following best describes the proper accounting treatment for Gibbon's equipment? a. It is not impaired and a loss should not be recognized. b. It is impaired and a loss must be recognized. c. It is not impaired, but a loss must be recognized. d. It is impaired and a loss must be recognized, but the loss but may be reversed in future periods