Handbook: Impairment of nonfinancial assets
Handbooks | August 2023
Latest edition: KPMG in-depth guide to impairment testing, covering the models in ASC 350-20, ASC 350-30 and ASC 360.
Using Q&As and examples, this guide explains in depth the impairment models for goodwill, indefinite-lived intangible assets and long-lived assets. This latest edition includes additional guidance related to the measurement of a reporting unit’s fair value in testing goodwill for impairment.
Applicability
- All companies
Relevant dates
- Effective immediately
Key impacts
- Goodwill under ASC 350-20
- Indefinite-lived intangible assets under ASC 350-30
- Long-lived assets under ASC 360
Report contents
- Scope of impairment models
- The unit of account
- When to test
- Carrying amount
- Qualitative assessment
- Recoverability test: Long-lived assets
- Fair value measurement
- Recognition and allocation
- Disclosures
- Private company and not-for-profit alternative
- Before ASU 2017-04
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Impairment of nonfinancial assets
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