A description of asset to be disposed of, the facts and circumstances leading to the expected disposal, the expected disposal date, and the carrying amount
of those asset.
Conversely, CMO residuals and CMO classes are accounted for under a method which, unlike the Consolidation Method, requires the carrying amount
of, and the earnings and cash flows from, such portfolio assets to be recorded as a single-line item on each of the respective Consolidated Financial Statements.
The Board says, if disclosure isn't practicable, you have to provide information about the carrying amount
and the interest-rate sensitivity and maturity, plus you need to explain why you believe disclosing the market value is not practicable in your case.
Notes payable to banks: The carrying amounts
of the company's borrowings under its short-term credit agreements approximate their fair value.
Consequently, the carrying amount
of the investment in Alstom reported in the consolidated balance sheet as of 31 December 2013 will be reduced to 3,079 million.
Based on the analysis performed, Qimonda concluded that the carrying amount
of its pre-existing goodwill is impaired and determined that all of its tangible and remaining intangible assets are not impaired.
These losses substantially were due to write-downs to the carrying amount
of 12 CMO residual interests for GAAP accounting of $3,657,000 (26 cents per share) and $4,017,000 (29 cents per share) during the three and six months ended June 30, 1992, respectively.
The result was the December 1990 FASB Discussion Memorandum, Accounting for &e Impairment of Long-Lived Assets and Identifiable Intangibles, which defined impairment as the inability to recover fully the carrying amount
of assets over their estimated useful lives.
If events or circumstances indicate the carrying amount
of an asset to be held and used may not be recoverable, management should test for impairment by estimating future cash flows from its use and eventual disposal.
It is expected that an adjustment will be made to the 1990 statements, resulting in an increase in net loss and a corresponding decrease in total shareholders' equity of approximately $230,000, along with a corresponding reduction in the carrying amount
of the investment in the affiliate.
The Company reduced the carrying amount
of the Note by $3,034,100 to reflect the collateralized amount.
Any excess of the carrying amount
of the investment over its estimated residual value (calculated at the end of the last period in which tax credits are allocated to the investor without reflecting anticipated inflation) should be amortized during the periods in which tax credits are allocated to the investor.