Handbooks | June 2020



Handbook: Impairment of nonfinancial assets

The new KPMG in-depth guide to impairment testing, covering the models in ASC 350-20, ASC 350-30 and ASC 360.

Julie Santoro

Julie Santoro

Partner, Dept. of Professional Practice, KPMG US

+1 212-954-1086

Nick Burgmeier

Nick Burgmeier

Partner, Dept. of Professional Practice, KPMG US

+1 212-909-5455

Using Q&As and examples, this guide explains in depth the impairment models for goodwill, indefinite-lived intangible assets and long-lived assets.


  • All entities

Relevant dates

  • Effective immediately

Key impacts

A single roadmap to testing nonfinancial assets for impairment – helping you to compare and contrast the different models:

  • 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

Subscribe to our newsletter

Receive timely updates on accounting and financial reporting topics from KPMG.


Visit KPMG's Accounting Research Online for financial reporting resources.