W5 D2 Operating Asset Impairment Loss

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Question description

Write: Make sure your response addressing the following question is more than 200 words and you include an in-text citation or a brief quote from the reading material where appropriate.

When measuring an impairment loss for a long-term operating asset, must firms determine the fair market value using a discounted cash flow model? Explain.


Gordon, E. A., Ready, J. S., & Sannella, A. J. (2016). Intermediate accounting. Boston, MA: Pearson. Pearson.Pearson. (2016)

Tutor Answer

TeacherAli
School: Purdue University

Attached.

Running head: AN IMPAIRMENT LOSS

1

An Impairment loss
Student’s Name

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AN IMPAIRMENT LOSS

2
An impairment loss

An impairment loss is "when the asset's carrying value is greater than its fair value; a
company reports an impairment loss, calculated as carrying value less the fair value" (Gordon,
Ready, & Sannella 2016). An impaired asset is an organi...

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Anonymous
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