An entity may determine that a specific asset within a larger asset group has no future benefit (e.g., when the asset is destroyed [as opposed to damaged], becomes obsolete, or is lost). Even if the asset group is determined to be recoverable as a whole, the entity would need to write off an asset that has no future benefit.
Confidential and Proprietary — for Use Solely by Authorized Personnel
This publication provides comprehensive guidance; however, it does not address all possible fact patterns, and the guidance is subject to change. Consult a Deloitte & Touche LLP professional regarding your specific issues and questions.