Doowow Chemical Company Determines That an Extruder Machine Used in Its

Doowow Chemical Company determines that an extruder machine used in its operations has suffered an impairment in value because of technological changes. An entry to record the impairment should include ________.

A) a debit to the machinery accumulated depreciation account
B) a debit to the machinery account
C) a credit to machinery depreciation expense account
D) a credit to the loss on impairment account