QUESTIONS Jase Co. recorded $10,000 of impairment related to equipment used in the company's operations for the year ended 1231/19. The impact of recording the impairment charge Will increase the cost basis of the equipment and revenue by 510,000 Will increase the cost basis of the equipment and net income by 510,000 Will decrease the cost basis of the equipment and decrease net income by 510,000 Will decrease the cost basis of the equipment and increase liabilities by $10,000