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Accounting for the impairment of long‐lived assets: A review and update
Author(s) -
Hurtt David N.,
Kreuze Jerry G.,
Langsam Sheldon A.
Publication year - 1999
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/(sici)1097-0053(199921)10:3<89::aid-jcaf9>3.0.co;2-j
Subject(s) - accounting , asset (computer security) , business , law and economics , actuarial science , economics , computer science , computer security
Recent marks by SEC Chairman Arthur Levitt and Chief Accountant Lynn Turner have put new attention on certain provisions of SFAS No. 121. In light of the SEC concerns, the authors review and update the issue of asset impairment for readers. The authors also present the results of their review of note disclosures for 48 Fortune 500 firms. © 1999 John Wiley & Sons, Inc.