Using the Internet or  databases, research an example of impairment of assets disclosed in the financial statements of a publicly traded company.

Explain the reasons for the impairment and the justification for treating the write-down as a permanent decline in value of the asset(s). A difference between the book value of plant assets and the fair value generally exists.
Explain the role technology and obsolescence have in the impairment of assets.

Be sure to respond to at least one of your classmates’ posts.