How should the impairment of an intangible asset be determined?
(Q&A2008-Z.51.27) Similar to other capital assets, the provisions of Statement 42 should be applied to determine whether an intangible asset is impaired and, if so, the measurement of any impairment loss to be recorded. The provisions of Statement 42 also should be followed for other financial reporting aspects related to impairment, including presentation and disclosure and accounting for insurance recoveries.
