文档介绍：本科毕业论文(设计)
外文翻译
外文出处 Accounting Horizons
Sep92,vol6,issue3,p30-41
外文作者 Linda and David 原文:
A Closer Look at Discretionary Writedowns of Impaired Asset
The Current Enviroment
An asset is said to be "impaired" when its book value exceeds some measure of its "fair" value. When a firm recognizes this impairment and subsequently records the effect by decreasing the book value of the asset and debiting an e statement account, the firm has recorded a "writedown." GAAP clearly allows these writedowns in several situations. First, certain current assets, such as marketable securities and inventories, are examined periodically and adjusted to the lower of cost or market. Similarly, long term equity investments are adjusted periodically to the lower of cost or market although the e statement is not affected by the writedown. Finally, any long term assets for which disposal is contemplated (including assets being sold as part of a discontinued operation) are adjusted to realizable value (exit market value less costs of selling and readying for sale). These final typies of writedowns are adequately addressed by APB 30, and there appears to be no confusion on the application of the rules to these situations, nor any reason to reassess APB 30 at this time. Most of the writedowns which a firm might normally record would fall into one of these three categories. The wri