Directors Have Determined That Goodwill Acquired in 2014 Has Been

Multiple Choice

Directors have determined that goodwill acquired in 2014 has been impaired by $5000.What is the appropriate elimination entry for this impairment?

A)
$$\begin{array} { | l | l | r | r | } \hline & & & \\\hline \mathrm { Dr } & \text { Goodwill } & 5000 & \\\hline \mathrm { Cr } & \text { Retained earnings } & & 5000 \\\hline\end{array}$$
B)
$$\begin{array} { | l | l | r | r | } \hline & & & \\\hline \mathrm { Dr } & \text { Retained earnings } & 5000 & \\\hline \mathrm { Cr } & \text { Goodwill } & & 5000 \\\hline\end{array}$$
C)
$$\begin{array} { | l | l | r | r | } \hline & & & \\\hline \mathrm { Dr } & \text { Goodwill } & 5000 & \\\hline \mathrm { Cr } & \text { Impairment loss - goodwill } & & 5000 \\\hline\end{array}$$
D)
$\begin{array}{|l|l|r|r|}\hline & & & \\\hline \text { Dr } & \text { Impairment loss - goodwill } & 5000 & \\\hline \mathrm{Cr} & \text { Goodwill } & & 5000 \\\hline\end{array}$