Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to Be Disposed Of
StatusIssued:
March 1995
Effective Date:
For fiscal years beginning after December 15, 1995
Affects:
Replaces APB 16, paragraph 88(d)
Amends APB 17, paragraph 31
Amends APB 18, paragraph 19(h)
Amends AIN-APB 30, Interpretation No. 1
Amends FAS 15, paragraphs 28 and 33
Amends FAS 19, by adding a paragraph after paragraph 62
Amends FAS 34, paragraph 19
Amends FAS 51, paragraph 14
Amends FAS 60, paragraph 48
Amends FAS 61, paragraph 6
Replaces FAS 66, footnote 5
Amends FAS 67, paragraphs 3, 24, and 28
Deletes FAS 67, paragraph 16
Replaces FAS 67, paragraph 25
Amends FAS 71, paragraphs 9 and 10 and by adding paragraph after paragraph 10
Amends FAS 101, paragraph 6
Affected by:
Paragraph 3 amended by FAS 142, paragraph D10(a)
Paragraphs 3(b) replaced by FAS 139, paragraph 7(a)
Paragraphs 4, 6, and 27 amended by FAS 142, paragraphs D10(b), D10(c), and D5(b), respectively
Paragraph 12 deleted by FAS 142, paragraph D10(d)Paragraph 147 amended by FAS 139, paragraph 7(b), and FAS 142, paragraph D10(e)
Superseded by FAS 144, paragraph C1
Issues Discussed by FASB Emerging Issues Task Force (EITF)
Affects:
Resolves EITF Issue No. 84-28
Abbreviations for Accounting Pronouncements
FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides