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  Explain how a company might use the accounting rules for impairment of long-lived assets to manage...

  Explain how a company might use the accounting rules for impairment of long-lived assets to manage earnings.

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Obtain the relevant authoritative literature on the impairment or disposal of long-lived assets using the FASB Accounting Standards Codification at the FASB website (www.fasb.org). Indicate the Codification topic number that provides guidance on accounting for the impairment of long-lived assets.
the IFRS and GAAP differ on the impairment test for long-lived assets, can you show a...
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What is impairment? Discuss how to determine when long-lived asset impairment exists (i.e. tangible and intangible). Give specific examples of assets that are regularly tested for impairment. What is the journal entry when it has been determined that an asset has been impaired.
Discuss how long-lived assets are reported and analyzed.
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In accounting we "capitalize" long-lived assets by putting them on the balance sheet and then depreciating...
In accounting we "capitalize" long-lived assets by putting them on the balance sheet and then depreciating those assets over time, based on some concept that each year the asset represents less value to the business and that each year a certain amount of the value of the asset is used up in the business processes. For accountants, it would be much easier just to expense long-lived assets at the time of purchase. Even though it requires more work, what are...
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