Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 16. companies are supposed to write-down value of

16. Companies are supposed to write-down value of assets if a permanent impairment of value...

50.1K

Verified Solution

Question

Accounting

image

16. Companies are supposed to write-down value of assets if a permanent impairment of value or loss of utility occurs. If a company writes down its assets this year, the effect on: This year's ROA Increased Decreased Decreased Decreased Next year's ROA No change No change Decreased Increased A. Option A B. Option B C. Option C D. Option D

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students