Lynch Printing Company Determines That a Printing Press Used in Its

Multiple Choice

Lynch Printing Company determines that a printing press used in its operations has suffered an impairment in value because of technological changes. An entry to record the impairment should

A) recognize extra depreciation expense for the period.
B) include a credit to the equipment accumulated depreciation account.
C) include a credit to the equipment account.
D) not be made if the equipment is still being used.