2.10 Disclosures Related to Recognition of an Impairment Loss
In the period in which an entity recognizes an impairment loss, it
should disclose the information required by ASC 360-10-50-2.
ASC 360-10
Impairment of Long-Lived Assets Classified as Held and
Used
50-2 All
of the following information shall be disclosed in the notes
to financial statements that include the period in which an
impairment loss is recognized:
- A description of the impaired long-lived asset (asset group) and the facts and circumstances leading to the impairment
- If not separately presented on the face of the statement, the amount of the impairment loss and the caption in the income statement or the statement of activities that includes that loss
- The method or methods for determining fair value (whether based on a quoted market price, prices for similar assets, or another valuation technique)
- If applicable, the segment in which the impaired long-lived asset (asset group) is reported under Topic 280.