Quantitative or Qualitative Impairment Test? for Indefinite-Lived Intangible Assets? You Choose
James R. Yerges, ASA
Peter F. Lyster, CFA, ASA
Jason W. Woon, CPA/ABV
The cost and complexity of performing a quantitative impairment test for indefinite-lived intangible assets has long been a concern for financial statement preparers. To address their feedback and to create consistency with accounting standards on testing ...