Use the Following Information for Questions

question 84

Multiple Choice

Use the following information for questions
Pierre's Pet Shop Limited bought new grooming equipment on January 1, 2012 for $13,000. The useful life is estimated to be 3 years with a residual value of $1,000. The company uses straight-line depreciation. On January 1, 2013, Pierre determined that the value of the equipment is impaired, as its recoverable amount is expected to be $4,800.
-The carrying amount of the equipment after the journal entry for impairment is recorded is

• A)$4,200.
• B)$4,800.
• C)$5,200.
• D)$9,000.

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Definitions:

Alternative Therapies

Non-conventional methods used for treatment or health improvement, which are not based on traditional medical practices.

Psychiatrists

Medical doctors specializing in the diagnosis, treatment, and prevention of mental illnesses and disorders, often using both medication and therapy.

Marriage And Family Therapists

Mental health professionals specialized in providing counseling and therapy to individuals, couples, and families to address and resolve emotional and relational issues.

Psychiatric Social Workers

Professionals who provide support, therapy, and resources for individuals dealing with mental health issues within a social context.