Expense for Asvs 9 marks ii) Prepare the journal entry to record any necessary correcting (5 marks) . Dcor Inc. has a third item of property, plant & equipment- Asset C. At January 1, 2018, the asset was recorded on the books with a cost of $30,000 and an accumulated depreciation of $10,000. Management has determined the value in use to be $15,000 but could likely sell it at an auction for $14,000 less a 10% commission. Required i) Determine if Asset C is impaired (4 marks) (2 marks) ii) Ifimpaired, prepare the necessaryjournal entry at December 31, 2018