FAQs: Asset Impairment in Uncertain Times

Key Takeaways

• After unexpected events, companies must consider whether they anticipate material impairments to goodwill, intangible assets, and long-lived assets
• There are strategies companies can use to help determine whether impairment is necessary, even when no one can predict what will happen next
• If future cash flow is entirely unpredictable, there are steps companies can take to help gauge whether to impair assets