Explain how a company might use the accounting rules for impairment of long-lived assets to manage earnings.

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Ethical Obligations and Decision Making in Accounting Text and Cases

ISBN: 978-1259730191

4th edition

Authors: Steven Mintz, Roselyn Morris

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Question Posted: Oct 25, 2016 10:42 AM

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Explain how a company might use the accounting rules for impairment of long-lived assets to manage earnings.

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The accounting for impairment of longlived assets to be held and used depends on judgments of fair value Generally if the fair value of the asset is less than the carrying amount of an asset an impair...View the full answer

Ethical Obligations and Decision Making in Accounting Text and Cases

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