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Basic Question 0 of 7
Under U.S. GAAP, if the fair value of an impaired long-term asset is not readily determinable, it should be shown on the balance sheet at historical cost less accumulated depreciation. True or False?
User Contributed Comments 3
| User | Comment |
|---|---|
| kalps | Ok, if FV of LT asset is not readily determinable then it should shown on the balance sheet as the discounted expected future net operating cash flows |
| ehc0791 | If you come up some number, that means you determine the value which is conflic with "Not dterminable" |
| cong | If the fair value of an impaired long-term asset is not readily determinable, it should be shown on the B/S on a discount basis. |
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Learning Outcome Statements
explain the rationale for using price multiples to value equity, how the price to earnings multiple relates to fundamentals, and the use of multiples based on comparables
calculate and interpret the following multiples: price to earnings, price to an estimate of operating cash flow, price to sales, and price to book value
CFA® 2025 Level I Curriculum, Volume 3, Module 8.