Soseco Co. determined that the decline in the fair value of an investment was below the carrying amount and the decline is permanent in nature. The investment was classified as financial asset measured at FVOCI in Soseco's books. The accountant properly records the decrease in FV by including it in which of the following? Other comprehensive income section of the statement of profit or loss and other comprehensive income and presenting the net cumulative write downs of cost in equity O Profit or loss section of the income statement and writing down the carrying amount to FMV No accounting is required because the investment is measured at EVOCI Other comprehensive income section of the statement of profit or loss and other comprehensive income only.