Accounting Standards Codification (ASC 360), Property, Plant and Equipment (“PP&E”) provides guidance with respect to impairment testing for a company’s long-lived assets such as property, plant, ...
As energy market capitalizations decline, addressing year-end goodwill and long-lived asset impairment testing will be paramount in 2021. Market equity prices and indices continued to decrease for ...
The International Accounting Standards Board has proposed new standards for measuring the impairment of financial instruments and assets using amortized cost, taking a different tack than the U.S.
NORWALK, CONN. -- The Governmental Accounting Standards Board has plugged a significant, if not especially large, gap in governmental accounting and reporting for impairment of capital assets. When ...
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Impairment Loss: What It Is and How It’s Calculated
Impairment loss occurs when a business asset suffers an unexpected, permanent depreciation in fair market value in excess of the book value of the asset on a company’s financial statements. Assets can ...
ALPHARETTA, Ga.--(BUSINESS WIRE)--Bakkt Holdings, Inc. (NYSE: BKKT) (the “Company” or “Bakkt”) announced that it completed its annual impairment testing of goodwill and other intangible assets as ...
HIGH POINT, N.C.--(BUSINESS WIRE)-- Culp, Inc. (NYSE: CULP) today announced that, based on unaudited preliminary results and current estimates, the company expects pre-tax loss (GAAP) to be in the ...
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