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Which of the following is a true statement as it relates to impairments of plant assets? O The impairment amount is added to the plant
Which of the following is a true statement as it relates to impairments of plant assets? O The impairment amount is added to the plant asset account in the year the decline of value occurs. O The assets are recorded at the book value of the asset. The impairment amount is capitalized and depreciated along with the cost of the original asset. O They are written down to the new fair value during the year in which the decline occurs
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