Heads Up — FASB Proposes Amendments to Guidance on Impairment Testing of Indefinite-Lived Intangible Assets
Published on:
Jan 26, 2012
This issue discusses the FASB’s newly issued proposed Accounting Standards Update (ASU), Testing Indefinite-Lived Intangible Assets for Impairment. Under the proposed ASU, an entity testing indefinite-lived intangible assets for impairment would have the option of performing a qualitative assessment to determine whether it is more likely than not that the asset is impaired.
