Beresford, Dennis R.; Neary, Robert D.
July 1985
FE: The Magazine for Financial Executives;Jul1985, Vol. 1 Issue 7, p5
Trade Publication
The article focuses on various aspects regarding the determination of the recoverable value of an impaired asset. For many years, decisions to discontinue certain operations or dispose of a line of business have triggered recognition of losses. What sets some of these recent write-downs apart from traditional loss recognition situations, is that the company intends to continue its ownership and/or operation of the asset, and only a partial loss in value of an asset is recognized. While these generalized implications may be unwarranted, managements of companies facing the possibility of such write-downs, probably should anticipate questions for the unclear accounting rules and unusual nature of the write-downs.


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