Witryna12 sty 2024 · Accounting for the impairment of goodwill and other indefinite-lived intangible assets can be challenging for companies. When evaluating impairment, … WitrynaA loss on impairment of an intangible asset is the difference between the asset's. A. fair value and the expected future net cash flows. B. carrying amount and its fair value. C. carrying amount and the expected future net cash flows. D. book value and its fair value.

Apogee Enterprises Reports Fiscal 2024 Fourth Quarter and Full …

WitrynaDo I need to test for impairment of intangible assets with an indefinite life in the current period? 3. It depends. For intangible assets with an indefinite life, private enterprises … WitrynaIAS 36 Impairment of Assets revised Applies to goodwill and intangible assets acquired in business combinations for which the agreement date is on or after 31 March 2004, … flad architects seattle

IAS 38 — Intangible Assets - IAS Plus

Witryna3 sie 2024 · IAS 36 - If and when to undertake an impairment review. 03 Aug 2024. Usually non-current assets are measured in the financial statements at either cost or revalued amount. However, IAS 36 ‘Impairment of Assets’ requires assets to be carried at no more then their revalued amount and any difference to be recorded as an … Witrynaimpairment test for an intangible asset with an indefinite life on an annual basis. ASPE determines an impairment loss as the excess of the carrying amount above fair value. IAS 36 determines an impairment loss as the excess of the carrying amount above the recoverable amount (the higher of fair value less costs to sell and value in use). WitrynaAn indefinite-lived intangible asset is considered to be impaired when the asset’s carrying amount is greater than its fair value. There are various approaches to determine whether an impairment should be recognized and, if so, how to measure … flad architects in raleigh