answer the question 1) what the effect might be for reflecti

answer the question 1) what the effect might be for reflecting these ‘impairment issues’ into the March 31, 2020 first quarter income statement, 2) other financial considerations that management might take into account when deciding on this potential action. and the grading rubric is 1. 20 points for appropriately i) identifying and articulating the relevant fact issues, ii) identifying and summarizing the relevant GAAP applicable to the issues, and then iii) quantifying the GAAP effect ‘on a macro basis’ that needs to be reflected in the financial statements. 2. 5 points for professionalism (i.e. appropriate grammar, sentence structure, etc.). 3. As noted above, each student will be required to prepare their own individual and unique memo which will be scanned and audited for unauthorized plagiarism, duplication, etc. Memos that are found to have duplication and/or plagiarism will be scored ‘no credit’.