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GIS » Topics » Valuation of Long-Lived Assets

These excerpts taken from the GIS 10-K filed Jul 11, 2008.
Valuation of Long-Lived Assets Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset (or asset group) may not be recoverable. An impairment loss would be recognized when estimated undiscounted future cash flows from the operation and disposition of the asset group are less than the carrying amount of the asset group. Asset groups have identifiable cash flows independent of other asset groups. Measurement of an impairment loss would be based on the excess of the carrying amount of the asset group over its fair value. Fair value is measured using discounted cash flows or independent appraisals, as appropriate.
 
Valuation of Long-Lived
Assets Long-lived assets are reviewed for
impairment whenever events or changes in circumstances indicate
that the carrying amount of an asset (or asset group) may not be
recoverable. An impairment loss would be recognized when
estimated undiscounted future cash flows from the operation and
disposition of the asset group are less than the carrying amount
of the asset group. Asset groups have identifiable cash flows
independent of other asset groups. Measurement of an impairment
loss would be based on the excess of the carrying amount of the
asset group over its fair value. Fair value is measured using
discounted cash flows or independent appraisals, as appropriate.


 



EXCERPTS ON THIS PAGE:

10-K (2 sections)
Jul 11, 2008

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"Valuation of Long-Lived Assets" elsewhere:

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