SPLS » Topics » Impairment of Long-Lived Assets:

This excerpt taken from the SPLS 10-K filed Mar 1, 2007.
Impairment of Long-Lived Assets:   SFAS No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets “ (“SFAS No. 144”) requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amount. Staples’ policy is to evaluate long-lived assets for impairment at a store level for retail operations and an operating unit level for Staples’ other operations.

This excerpt taken from the SPLS 10-K filed Feb 28, 2006.
Impairment of Long-Lived Assets:   SFAS No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets” (“SFAS No. 144”) requires impairment losses to be recorded on long-lived assets used in operations when indicators of impairment are present and the undiscounted cash flows estimated to be generated by those assets are less than the assets’ carrying amount. Staples’ policy is to evaluate long-lived assets for impairment at a store level for retail operations and an operating unit level for Staples’ other operations.

EXCERPTS ON THIS PAGE:

10-K
Mar 1, 2007
10-K
Feb 28, 2006
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