ACT 575 Accounting Week 6 Impairment of Long lived Assets
Option #1: Impairment of Long-lived Assets
Conduct an internet search to identify a company that has recently recorded asset impairment charges in its financial statements. Prepare a brief summary (about a page) to introduce the company, its principal line of business, and the nature of the financial difficulties that the company is facing. The remainder of your paper should address the nature of the impairment charges, judgments made by management that may affect the ability of the external auditor to assess the reasonableness of the impairment charges.