F4 - Depreciable Assets and Depreciation Flashcards
1
Q
When a partial impairment of a fixed asset occurs, what happens to the impairment loss? Where is it recorded?
A
As a credit to A/D
FAR Section - CPA Exam > F4 - Depreciable Assets and Depreciation > Flashcards
When a partial impairment of a fixed asset occurs, what happens to the impairment loss? Where is it recorded?
As a credit to A/D
FAR Section - CPA Exam (45 decks)