Magenta Company, a Public Corporation Owns Equipment for Which the Following

Magenta Company, a public corporation owns equipment for which the following year-end information is available: Which of the following best describes the proper accounting treatment for Magenta's equipment?

A) It is not impaired and a loss should not be recognized
B) It is impaired, a loss must be recognized, but may be reversed in future periods.
C) It is impaired and a loss must be recognized
D) (b) and (c)