RNOW » Topics » (n) Impairment of Long-Lived Assets

These excerpts taken from the RNOW 10-K filed Mar 6, 2009.

(n) Impairment of Long-Lived Assets

 

Long-lived assets, including intangible assets, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to future undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the estimated fair value of the assets. Fair value is determined based on discounted cash flow or appraised value, depending on the nature of the asset. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell. Goodwill is tested for impairment at least annually, and more frequently if indicators of potential impairment exist. No impairments of long-lived assets have been identified in any of the periods presented.

 

(n) Impairment
of Long-Lived Assets



 



Long-lived assets, including
intangible assets, are reviewed for impairment whenever events or changes in
circumstances indicate that the carrying amount of an asset may not be
recoverable. Recoverability of assets to be held and used is measured by a
comparison of the carrying amount of an asset to future undiscounted cash flows
expected to be generated by the asset. If such assets are considered to be
impaired, the impairment to be recognized is measured by the amount by which
the carrying amount of the assets exceeds the estimated fair value of the
assets. Fair value is determined based on discounted cash flow or appraised
value, depending on the nature of the asset. Assets to be disposed of are
reported at the lower of the carrying amount or fair value less costs to sell.
Goodwill is tested for impairment at least annually, and more frequently if
indicators of potential impairment exist. No impairments of long-lived assets
have been identified in any of the periods presented.



 



EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 6, 2009
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