Question
Identify a publicly traded company that took an asset impairment loss on its most recent 10-K (use year 2016's 10-k). (Use www.sec.gov to pull up
Identify a publicly traded company that took an asset impairment loss on its most recent 10-K (use year 2016's 10-k). (Use www.sec.gov to pull up 10-K)
1. Identify the cause of the impairment loss.
2. How did the company calculate the loss?
3. Calculate the impairment loss as a percentage of pre-loss income. Was the loss material?
4. Why did the company take the loss now?
5. Does this impairment loss cast a negative signal about the company's prospects?
(Publicly traded companies' examples: Apple, Microsoft, BestBuy, Walmart, Kroger etc)
PS: Question is related to Property Plant and Equipment chapter of Intermediate accounting.
Post the link if possible. And mention where you got information from (Page #, section or note #)
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