Accounting for asset impairments

GASB AccountingFASB AccountingASC 360GASB 42
Written By Russ Hissom

Impairment rules are slightly different for FASB and GASB. Here’s an easy way to remember.

Impaired asset accounting

The material in this article is for informational purposes only and should not be taken as legal or accounting advice provided by Utility Accounting & Rates Specialists. You should seek formal advice on this topic from your accounting advisor.

Russ Hissom

My goal is to provide utilities with common-sense accounting and finance solutions and knowledge to help them successfully implement their strategy!