So i have already posted this question and it was not answered correctly. So this is my second time posting it. I need the FASB ASC codification code. FASB ASC XXX-XX-XX. If the answer does not have that it won't be helpful.

Please read the article entitled: 2020 Was One of the Worst-Ever Years for Oil Write-Downs; Oil industry has written down about $145 billion in assets this year, amid an unprecedented downturn and long-term questions about oil prices and answer the following questions. Please write your response in a memo form and make sure you properly cite the appropriate FASB codifications which support your answer(s), when required to do so. 1. Summarize U.S. accounting requirements for impairment evaluations. Cite the FASB accounting standard codification reference(s) which give the requirements you summarize above. 2. What factors are leading to long-term uncertainty for oil companies' main products and, hence, significant impairment write downs? 3. Did you include bad management in your answer above? Why or why not