Discussion number 3.

Read about the Impairment or Disposal of Long- Lived Assets on Year 2020, can be from EY or other sources.

1. Explain how long-lived assets to be disposed of other than by sale. Use one example of fixed asset !
2. Explain how long-lived assets to be disposed by sale, what is the criteria, how to measure, how to group the assets and what if there is a change to a plan of sale. Use one example of tangible asset !

Thank you