A company purchased a patent 4 years ago, and was amortizing thatpatent over a 10-year useful life. In the current year, the companydetermined the patent had become worthless. The write-off of thepatent asset in the current year is an example of which of the followingexpense recognition principles?a. associating cause and effectb. immediate consumptionc. systematic and rational allocationd. objectivity

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Q: impairment loss reported in profit or loss for the year 2026?

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A: