In preparing the financial statements of R Ltd for the year ended 31.3.2017, you come across the following information. State with reasons, how would you deal with them in the financial statements:
An unquoted long-term investment is carried in the books at a cost of ₹ 2,00,000. The published accounts of the unlisted company received in May, 2017 showed that the company was incurring cash losses with declining market share and the long-term investment may not fetch more than ₹ 20,000.