Problem
When should property, plant, and equipment and finite-life intangible assets be tested for impairment?
Explain the process for measuring an impairment loss for property, plant, and equipment and finite-life intangible assets to be held and used.
What are the specific criteria that must be met for an asset or asset group to be classified as held-for-sale?
What is the specific citation reference from the FASB Accounting Standards Codification that contains these criteria?
Explain the process for measuring an impairment loss for property, plant, and equipment and finite-life intangible assets classified as held-for-sale.