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Impairments and ASC 842:
Year-end Considerations

Experts: Emily Fish & Abdi Ali

Questions answered in this episode:

  1. What is (the definition of) a triggering event? Is there a listing anywhere of what is a triggering event?
  2. We do an annual impairment analysis on our investments and fixed assets, but now we have to also do one for our ROU assets? Is the accounting the same?
  3. Can we ever reverse an impairment?