Both U.S.GAAP and IFRS distinguish the same three categories of long-lived assets for impairment analysis, and have the same procedures for assessing an asset for impairment and measuring the impairment loss.

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U.S. GAAP and IFRS both identify long-lived assets for impairment analysis but differ in their procedures for assessing an asset for impairment and measuring the impairment loss. U.S. GAAP uses a two-step process for impairment testing, while IFRS uses a one-step process based on recoverable amount.

Both USGAAP and IFRS Distinguish the Same Three Categories of Long-Lived