Heads Up: FASB Proposes Amendments to Guidance on Impairment Testing of Indefinite-Lived Intangible AssetsVolume 19, Issue 3 |
This issue of Heads Up discusses the FASB’s newly issued proposed Accounting Standards Update (ASU), Testing Indefinite-Lived Intangible Assets for Impairment. Under the proposed ASU, an entity testing indefinite-lived intangible assets for impairment would have the option of performing a qualitative assessment to determine whether it is more likely than not that the asset is impaired.
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