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FASB Statement No. 121, Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to Be Disposed Of FASB Statement No. 144, Accounting for the Impairment or Disposal of Long- Lived Assets



reached a tentative conclusion that if a rate-regulated enterprise initially fails to meet the regulatory asset recognition requirements described in the consensus reached on Issue 92-12 but meets those requirements in a subsequent period, then a regulatory asset related to Statement 106 costs should be recognized in the period in which those requirements are met. The issue is whether the tentative conclusion reached in Issue 92-12 should be affirmed and applied to all regulatory assets. An additional issue is whether it is necessary to continue to meet the probability criterion in paragraph 9 of Statement 71 following the initial recognition of a regulatory asset or whether regulatory assets should be subject to the same impairment assessment as for other assets. Copyright © 1993, Financial Accounting Standards Board Not for redistributio

Year: 1993
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