Global Defense Monitoring (GDM) Is a Defense Contractor That Operates

Global Defense Monitoring (GDM) is a defense contractor that operates several spy satellites for a national government. Each satellite's services are considered a major line of business, as each satellite might be contracted to a different branch of intelligence or armed services. A rogue nation conducting rocket launches unintentionally-but seriously-damages one of the satellites. Crews will be unable to launch into orbit and assess the damage to the satellite until a later date. Until then, the satellite will remain non-operational in orbit. How should GDM account for this situation?

A) This segment should be accounted for as Held for Sale, because management might want to sell it.
B) This segment should be accounted for as an abandoned asset because crews can't reach the device until later.
C) This segment should be accounted for both Held for Sale and as an abandoned asset, depending on what crews find out.
D) This segment should not be accounted for as an abandoned asset or Held for Sale.