Impairment of long-lived assets on the FAR CPA Exam
Impairment of long-lived assets is tested on the FAR section of the CPA Exam. It is a named topic of blueprint group FAR.II.D, Property, plant & equipment, which sits in FAR Area II, Select Balance Sheet Accounts, at 30 to 40% of the section.
- Section
- FAR, Financial Accounting and Reporting
- Area
- FAR.II, Select Balance Sheet Accounts, 30 to 40% of the section
- Group
- FAR.II.D, Property, plant & equipment
- Authoritative literature
- ASC 360
- Skill levels tested
- Application, Analysis
Which standard covers Impairment of long-lived assets on the CPA Exam?
Impairment of long-lived assets is tested against ASC 360. The wider group FAR.II.D also reaches ASC 250, ASC 410, ASC 835.
At what skill level is Impairment of long-lived assets tested?
Impairment of long-lived assets is tested at 2 skill levels: Application (applying a rule to a fact pattern, which is where most simulations sit), Analysis (working across several concepts at once, which is simulation territory).
Is Impairment of long-lived assets tested outside FAR?
Yes. The same literature is tested outside FAR: ASC 360 in FAR.II.F (Intangible assets & goodwill); ASC 360 in BAR.II.A (Indefinite-lived intangible assets, including goodwill).
Area, group, topic, standard and skill levels are the AICPA published blueprint. Pass rates are the AICPA published candidate pass rates for 2026 through Q2, read from AICPA & CIMA on 2026-08-17. The AICPA publishes them quarterly. Where the same standard is tested outside FAR is PocketCPA's own mapping.
Every FAR blueprint area, group and topic · Which standards the CPA Exam tests · FAR pass rate and format
Common questions
Is Impairment of long-lived assets tested on the CPA Exam?
Impairment of long-lived assets is tested on the FAR section of the CPA Exam. It is a named topic of blueprint group FAR.II.D, Property, plant & equipment, which sits in FAR Area II, Select Balance Sheet Accounts, at 30 to 40% of the section.