In a group of one or two other students, go to the library and locate Statement of Financial Accounting Standards No. 121, "Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to Be Disposed Of," published by the Financial Accounting Standards Board. Write a report to your instructor giving the highlights of the standard. For instance, what does "impairment" mean and what are its causes? How can one determine that impairment of an asset has possibly occurred? Also review some of the background information as to why this was important enough for the FASB to act.