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VZ » Topics » Fair Value Measurements on a Nonrecurring Basis

This excerpt taken from the VZ 10-Q filed Oct 28, 2008.

Fair Value Measurements on a Nonrecurring Basis

As permitted by FSP 157-2, Verizon elected to defer the fair value measurement disclosure of our (a) nonfinancial assets including goodwill, wireless licenses, long-lived assets and finite-lived intangible assets in the determination of impairment under SFAS No. 142 or SFAS No. 144, (b) asset retirement obligations initially measured at fair value under SFAS No. 143, Accounting for Asset Retirement Obligations, (c) nonfinancial liabilities for exit or disposal activities initially measured at fair value under SFAS No. 146, Accounting for Costs Associated with Exit or Disposal Activities and (d) nonfinancial assets and nonfinancial liabilities initially measured at fair value in a business combination.

This excerpt taken from the VZ 10-Q filed Jul 29, 2008.

Fair Value Measurements on a Nonrecurring Basis

As permitted by FSP 157-2, Verizon elected to defer the fair value measurement disclosure of our (a) nonfinancial assets including goodwill, wireless licenses, long-lived assets and finite life intangible assets in the determination of impairment under SFAS No. 142 or SFAS No. 144, (b) asset retirement obligations initially measured at fair value under SFAS No. 143 Accounting for Asset Retirement Obligations, (c) nonfinancial liabilities for exit or disposal activities initially measured at fair value under SFAS No. 146 Accounting for Costs Associated with Exit or Disposal Activities and (d) nonfinancial assets and nonfinancial liabilities initially measured at fair value in a business combination.

This excerpt taken from the VZ 10-Q filed Apr 29, 2008.

Fair Value Measurements on a Nonrecurring Basis

As permitted by FSP 157-2, Verizon elected to defer the fair value measurement disclosure of our (a) nonfinancial assets including goodwill, wireless licenses, long-lived assets and finite life intangible assets in the determination of impairment under SFAS No. 142 or SFAS No. 144, (b) asset retirement obligations initially measured at fair value under SFAS No. 143 Accounting for Asset Retirement Obligations, (c) nonfinancial liabilities for exit or disposal activities initially measured at fair value under SFAS No. 146 Accounting for Costs Associated with Exit or Disposal Activities and (d) nonfinancial assets and nonfinancial liabilities initially measured at fair value in a business combination.

EXCERPTS ON THIS PAGE:

10-Q
Oct 28, 2008
10-Q
Jul 29, 2008
10-Q
Apr 29, 2008

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