York Corp., a Canadian public corporation, owns equipment for which the following year-end information is available: Time left 2:51:24 Carrying amount (book value)......... Undiscounted expected future cash flow............ Discounted expected future cash flow. Fair value cost to sale .$59,000 62,000 50,000 57,000 5,000 Which of the following best describes the proper accounting treatment for York's equipment? O a. It is not impaired and a loss should not be recognized. O b. It is not impaired, but a loss must be recognized. O c. It is impaired and a loss must be recognized, but the loss may be reversed in future periods. O d. It is impaired and a loss must be recognized, with no reversal possible.

York Corp., a Canadian public corporation, owns equipment for which the following year-end information is available: Which of the following best describes the proper accounting treatment for York's equipment? a. It is not impaired and a loss should not be recognized. b. It is not impaired, but a loss must be recognized. c. It is impaired and a loss must be recognized, but the loss may be reversed in future periods. d. It is impaired and a loss must be recognized, with no reversal possible