Deloitte
Accounting Research Tool
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On the Radar

On the Radar

On the Radar

The convergence of various macroeconomic and geopolitical factors has created a volatile and uncertain environment in which a business’s ability to forecast results and make decisions can be difficult. Factors that have contributed to such challenges include bank failures or downgrades; businesses’ struggles to raise capital; companies’ announcements of layoffs, broader restructuring plans, impairments, and changes in customer behavior. As a result, the determinations business leaders may need to make regarding fixed asset impairments and disposals could be complex.
The following flowchart summarizes how long-lived assets are accounted for and presented on the basis of the entity’s intent regarding the assets: