Asset Impairment
A write-down of a long-lived asset (held and used) under ASC 360, recognized when its carrying amount is not recoverable from undiscounted future cash flows; the loss is measured as carrying amount minus fair value.
For held-and-used assets under ASC 360, impairment is recognized when the carrying amount is not recoverable (it exceeds the undiscounted future cash flows), and the loss writes the asset down to fair value, establishing a new cost basis.