Paid $500 rent due in cash. Debit (Dr.) or Credit (Cr.) Account Name Rent Expense Cash 500 500 Question 25 All of the following statements regarding impairments are true except an impairment is a permanent decline in an asset's market value. after an impairment write-down, depreciation is generally lower in a subsequent periods. immediate recognition of impairment write-downs is now required Impalements are generally recorded when the book value falls below the market value. Previous Nonewdate to savest check Question 25 All of the following statements regarding impairments are true except an impairment is a permanent decline in an asset's market value. after an impairment write-down, depreciation is generally lower in a subsequent peri immediate recognition of impairment write-downs is now required. impairments are generally recorded when the book value falls below the market value