At the Beginning of 20X5, a Derivative Loss Associated with a Forecasted

Multiple Choice

At the beginning of 20X5, a derivative loss associated with a forecasted purchase of equipment will plus the expected cost of the equipment is $211,000.The fair value of the equipment is $199,000.The equipment has a useful life of 5 years.

A) ​$12,000 should be included in Other Comprehensive Income in 20X5.
B) ​$2,400 should be included in Other Comprehensive Income each year from 20X5 to 20X9.
C) ​$12,000 should be included in Income in 20X5.
D) ​$2,400 should be included in Income each year from 20X5 to 20X9.