Impairment - financial assets - intercorporate

[cipherap15]

Under IFRS it says HTM(Debt) and AFS(Debt) can be reversed – AFS (E) cannot.
Under GAAP it mentions that there is no reversal for AFS securities but a subsequent increase in FV is treated as an unrealized gain in OCI.
I’m good with all that.
What about HTM(debt) under GAAP? Are reverals allowed? I cant find anything.
Thanks

 

[darshanP]

Nop U S GAAP doesn’t allow any reversals.

 

[cipherap15]

thanks

 

[CADFX]

darshanP wrote:
Nop U S GAAP doesn’t allow any reversals.

Incorrect. Under US GAAP you can reverse imapirment losses booked when classifying an asset as Held for Sale if management subsequently decides not to sell it and reclassifies to a fixed asset. Has to be net of amortization which would have been incurred though.