Impairments and ASC 842:
Experts: Emily Fish & Abdi Ali
Questions answered in this episode:
- What is (the definition of) a triggering event? Is there a listing anywhere of what is a triggering event?
- 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?
- Can we ever reverse an impairment?