Asset grouping for impairment testing of long-term operating assets is similar under U.S. GAAP and IFRS.

Name: Asset grouping for impairment testing of long-term operating assets is similar under U.S. GAAP and IFRS.
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Asset grouping for impairment testing of long-term operating assets is similar under both U.S. GAAP and IFRS. Both require that assets be grouped at the lowest level for which there are identifiable cash flows that are largely independent of the cash flows of other groups of assets.

Asset Grouping for Impairment Testing of Long-Term Operating Assets Is