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An impairment loss should be recognized an _________ for assets carried at cost and treated as a revaluation decrease for assets carried at revalued amounts.

An impairment loss should be recognized an _________ for assets carried at cost and treated as a revaluation decrease for assets carried at revalued amounts.

Revenue on the income statement

Expense on the income statement

Liability on the balance sheet

Capital assets on the balance sheet

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