ASC 360 - The GAAP Site

Impairments and Disposals of Long-Lived Assets and Discontinued Operations

October 25, 2021October 25, 2021 alishan No Comments

This Roadmap provides Deloitte’s insights into the guidance in ASC 360-10 and ASC 205-20 on impairments and disposals of long-lived assets and presentation of discontinued operations. ASC 360-10 specifies the accounting and reporting for long-lived assets that are being held and used by an entity and for long-lived assets that the entity intends to sell…

Deloitte US GAAP Publications, US GAAP

Impairment or disposal of long-lived assets under US GAAP

September 10, 2021September 26, 2021 alishan No Comments

EY FRD publication on the impairment or disposal of long-lived assets has been updated to enhance and clarify interpretative guidance under US GAAP. Download from EY Accounting Link Error happened.

EY US GAAP Publications, US GAAP

Impairment of nonfinancial assets under US GAAP 2021 KPMG Handbook

June 29, 2021August 19, 2021 alishan No Comments

KPMG in-depth guide to impairment testing, covering the models in ASC 350-20, ASC 350-30 and ASC 360. Using Q&As and examples, this guide explains in depth the impairment models for goodwill, indefinite-lived intangible assets and long-lived assets. This latest edition includes the FASB’s relief on the goodwill impairment testing date for private companies and not-for-profits….

KPMG US GAAP Publications