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When an asset is impaired, the effects of the impairment journal entries on the account equation are: A. Increase in liabilities and a decrease in

When an asset is impaired, the effects of the impairment journal entries on the account equation are:

A. Increase in liabilities and a decrease in equity

B. Decrease in Assets and a decrease in equity

C. no effect on the accounting equation

D. increase in equity and an decrease in assets

E. Decrease in assets and a decrease in liabilities

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