TESTING THE VALUE OF AN ASSET

Testing the Value of an Asset

Testing the Value of an Asset

In September 2006, the Financial Accounting Standards Board (FASB) issued Statement of economic Accounting measures No. 157, equitable Value Measurements (SFAS 157). The declaration highlights a yearn for consistent submission of fair value inside economic statements. Note that SFAS 157 does not need any new fair worth measurements; although, the application of this declaration may change present perform for some entities. For demonstration, SFAS 157 may have an influence on fair worth in impairment checking of assets. It is anticipated that this statement ...