Accounting › Section J · Long-term assets › Topic J.4
Impairment, natural resources, and other special issues
Estimates turn out wrong, assets are sold early, demand collapses and quarries are emptied. This topic covers what happens to long-term assets after the purchase: revised estimates, disposals, impairment, depletion, and investments in other companies.
In this topic
- When the plan changes
- Revising life or residual value
- Worked example: a longer life
- Selling or scrapping an asset
- Worked example: selling a truck
- Impairment of long-lived assets
- Worked example: a bottling line
- Natural resources and depletion
- Worked example: a gravel quarry
- Investments in other companies
- Common mistakes to avoid
- Key takeaways
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