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A company takes a $10 million impairment charge on a depreciable asset in 2023. The most likely effect will be to: increase return on equity

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A company takes a $10 million impairment charge on a depreciable asset in 2023. The most likely effect will be to: increase return on equity and operating cash flow in 2024 decrease net income and taxes payable in 2023 increase reported income in 2024

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