Hang asked in Business & FinanceInvesting · 4 weeks ago

Neeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeed help!! is "credited to" right in the context? any corrections?

 If the recoverable amount of long-term investment falls below its book value due to the market price of the invested entity continuously declining or its operation deteriorating, and the value reduced would be unrecoverable in the foreseeable future, the difference between the recoverable amount and the book value of the long-term investment should be credited to/deducted from the long-term investment impairment provision. 

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