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Lamar Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value because of technological changes. An entry
Lamar Printing Company determines that a printing press used in its operations has suffered a permanent impairment in value because of technological changes. An entry to record the impairment should
a.
include a credit to the equipment account
b.
include a credit to the equipment accumulated depreciation account
c.
not be made if the equipment is still being used
d.
recognize an unusual loss for the period
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