For several years a number of Food Lion Inc.grocery stores were unprofitable. Th

For several years a number of Food Lion Inc.grocery stores were unprofitable. The company closed and continuesto close some of these locations. It is apparent that the companywill not be able to recover the cost of the assets associated withthe closed stores. Thus the current value of these impaired assetsmust be written down (see the Case in Point on page 381).