BA recognized a 13 million impairment of their investment in Flybe for the year ended March

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BA recognized a £ 13 million impairment of their investment in Flybe for the year ended March 31, 2009. On what criteria did BA base their determination that the investment was impaired? Would that be handled similarly in U.S. GAAP?

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Intermediate Accounting

ISBN: 978-0077400163

6th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Question Posted: Dec 12, 2022 03:04 AM

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BA recognized a 13 million impairment of their investment in Flybe for the year ended March

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An impairment is a reduction in the carrying value of an asset below its recoverable amo...View the full answer

Intermediate Accounting

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