Skip to content

Under U.S. GAAP if the fair value of an investment falls below the carrying amount and assuming the decline is considered permanent…

April 10, 2016

…the impairment loss is recognized on the income statement and the carrying value of the investment is reduced to its fair value.

The impairment loss is the difference between the carrying amount and the fair value.

Advertisements
Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: