When a long-lived asset loses its ability to generate future benefits GAAP requires firms to write down the assets to their fair values and recognize an ______________________________ in income from continuing operations.

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The Answer of When a long-lived asset loses its ability to generate future benefits GAAP requires firms to write down the assets to their fair values and recognize an ______________________________ in income from continuing operations.

When a Long-Lived Asset Loses Its Ability to Generate Future