Impaired Capital Assets: A Closer Look At GASB Statement No. 42

ASU Author/Contributor (non-ASU co-authors, if there are any, appear on document)
Dwayne McSwain PhD, Associate Professor (Creator)
Appalachian State University (ASU )
Web Site:

Abstract: Garnering international attention, hurricanes Katrina and Rita successively battered or destroyed property from Florida to Texas. Homes, businesses and other entities were all affected by the devastation of these storms. The destruction of this double-shot will take years to clean up, and some communities may never recover. As businesses struggle to recuperate, they also face the arduous task of identifying and testing for impairment of capital assets.

Additional Information

McSwain, D. (2006). "Impaired Capital Assets: A Closer Look at GASB Statement No. 42." TENNESSEE CPA JOURNAL: July 2006, 20-22. NC Docks permission to re-print granted by author.
Language: English
Date: 2006
Government Agencies, Capital Assets, Capital Asset Impairment, Insurance Recovery

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