If the book value $($or carrying amount$)$ of a PPE item is greater than the amount to be recovered through the asset's use or sale, the asset is said to be

Multiple Choice

Exchanged

Declined

Accumulated

Improved

Impaired

Residual value is

Multiple Choice

The same as an asset's service life

The cost of an asset minus its accumulated depreciation

An estimate of the asset's value at the end of its useful life

Another name for market value

All of the choices are correct