Long-lived Assets: Impairment

This workbook helps to make an assessment of possible impairment of long-lived assets (including goodwill and intangibles) in accordance with FASB ASC 350, Intangibles—Goodwill and Other, and FASB ASC 360, Property, Plant, and Equipment, and to determine the impairment loss, if any, that must be recognized in the financial statements.

Entering Data

The questions that appear on the Quantitative Assessment worksheet, if applicable, are dependent on what responses are made on the Qualitative Assessment worksheet. An option is available to bypass the qualitative assessment. Certain areas (rows) of the worksheets may hide or unhide depending on your responses (such as the selected type of asset or fair value measurement method).
The Final Assessment worksheet will automatically generate when opening that particular worksheet based on responses provided on the Qualitative and Quantitative Assessment worksheets.