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Impairment Testing

Impairment Testing

Impairment testing ensures a company’s balance sheet accurately reflects an asset’s worth and should be performed annually (at minimum), or when there is a triggering event, such as a loss of a key customer, industry disruption, or other market factors that can impact value. The impairment test compares the asset’s expected cash flow with its book value. If the book value exceeds the benefit being provided by the asset, the difference is written off, thus reducing the asset’s impact on the balance sheet. Great American’s impairment testing process integrates cost, market, and income approaches to value, as well as historical and projected financial statements, comparable transactions, and market rates of return.


Chad Yutka

National Practice Leader
Managing Director
GA Advisory & Valuations

(312) 909-6078 Email

Thomas McNulty

Managing Director

(713) 226-4760 Email

Tony Vescovi


(312) 598-5755 Email

Albert Lazo


(202) 316-0441 Email

Dan Daitchman

Senior Manager

(312) 777-7954 Email

Gregg Johnson


(818) 746-9332 Email
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