W5 D2 Operating Asset Impairment Loss

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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)