Deloitte
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Chapter 2 — Definitions of Discontinued Operation and Component of an Entity

2.3 Grouping Long-Lived Assets Classified as Held and Used

2.3 Grouping Long-Lived Assets Classified as Held and Used

ASC 360-10
Grouping Long-Lived Assets Classified as Held and Used
35-23 For purposes of recognition and measurement of an impairment loss, a long-lived asset or assets shall be grouped with other assets and liabilities at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. However, an impairment loss, if any, that results from applying this Subtopic shall reduce only the carrying amount of a long-lived asset or assets of the group in accordance with paragraph 360-10-35-28.