Write: Make sure your response addressing the following question is more than 200 words and you include an in-text citation or a brief quote from the reading material where appropriate.
When measuring an impairment loss for a long-term operating asset, must firms determine the fair market value using a discounted cash flow model? Explain.
Gordon, E. A., Ready, J. S., & Sannella, A. J. (2016). Intermediate accounting. Boston, MA: Pearson. Pearson.Pearson. (2016)