record the recovery if it is permitted.

Determine whether Venicio can record the recovery.

Venicio $$ record the recovery $$

Venicio Products reported a write-down loss of $64,000 for one of its plant assets on December 31 , 2022. The asset is currently held for disposal. At December 31, 2023, the fair value ofthe asset increased by $95,000. Can Venicio record a recovery? Prepare the journal entry to record the recovery if it is permitted. Determine whether Venicio can record the recovery. Venicio record the recovery