8% of sales, in the third quarter last year, excluding a previously announced pre-tax restructuring and asset impairment
charge of $12.
Disruptive factors, such as the rise in distributed generation, and new developments in demand response and storage capacities could also have a resounding impact on asset impairment
reported net income in the fourth quarter of $599,000, or 6 cents a share, which includes a 3-cents-a-share adjustment for an operating asset impairment
The asset impairment
accounting system has been introduced throughout the world since the mid-1990s.
8 billion), actually 34% lower than the previous period in 2004, due to the adoption of asset impairment
accounting methods within the Japanese accounting system.
20 due to early application of its asset impairment
For example, it is possible for a company to recognize an asset impairment
under IFRS, while a different amount, or possibly no impairment loss at all, would be recognized under U.
It requires governments to report the effects of capital asset impairment
in their financial statements when it occurs, and it enhances comparability of financial statements by requiring all governments to account for insurance recoveries the same way.
42, Accounting and Financial Reporting for Impairment of Capital Assets and for Insurance Recoveries, requiring governments to report the effects of capital asset impairment
in financial statements.
Edison Chief Executive Officer John Bryson attributed the earnings drop to a $150 million, 45-cent-per-share, asset impairment
charge related to eight Illinois peaking plants operated by EME.
Second, some companies report asset impairment
only at year-end.
121's effective date of fiscal years beginning after December 15, 1995, most companies will have had more than 18 months since it was issued to prepare for reporting on asset impairment