CFAI Mock-FRA-Monroe Case Q5-PPE impairment

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h21

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What I remember is PPE impairment is calculated under US GAAP as FV compare to undiscounted cash flow and then carry value minus discounted cash flow, why it is carry value minus fair value here??
 
Because you remember wrong and it is in fact carry value - fair value.
 
It is CV > undiscounted cash flow to test for impairment.
Impairment calculation is CV -Fv
 
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