Discover how impairment charges reduce asset value and affect goodwill, impacting earnings per share (EPS). Learn the causes ...

FASB on Wednesday issued a proposed Accounting Standards Update it said would reduce costs and simplify the guidance for testing indefinite-lived intangible assets other than goodwill for impairment.

Typically, a company reduces the value of its fixed assets steadily over time as its real estate, equipment, and other assets are used in the normal course of business. Sometimes, however, unexpected ...