Entity D is aware of a permanent decline in value associated with an intangible asset. How should Entity D record this: Entity D is aware of a permanent decline in value associated with an intangible asset. How should Entity D record this: Record an impairment loss to reduce the intangible asset to its current fair value, if any. Delay recording an impairment loss until a period when its affect on earnings will be minimal. Do nothing. Amortize any impairment loss over a period not to exceed ten years.