Matador & Company was preparing the annual financial statements and,as part of its year-end procedures,prepared the following schedule based on adjusted values at March 31,2015: Record the entry for any impairment loss assuming that Matador & Company recorded no impairment losses in previous years.

Question

Matador & Company was preparing the annual financial statements and,as part of its year-end procedures,prepared the following schedule based on adjusted values at March 31,2015:  Record the entry for any impairment loss assuming that Matador & Company recorded no impairment losses in previous years.

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The Answer of Matador & Company was preparing the annual financial statements and,as part of its year-end procedures,prepared the following schedule based on adjusted values at March 31,2015:  Record the entry for any impairment loss assuming that Matador & Company recorded no impairment losses in previous years.

Matador & Company Was Preparing the Annual Financial Statements And,as