Compliance Week Magazine “Squeezing Cash Flow From Impairments” – Bob Herman, Ross Prindle, Matt Jaimes and Mark Simzyk quoted

In this economic environment, more and more companies are recognizing asset impairments, including those pursuant to SFAS 144-Accounting for the Impairment or Disposal of Long-Lived Assets. There are ways to realize some cash flow opportunities out of those impairments including property tax and cost segregation savings. A number of activities can result in significant tax benefits and streamlined financial reporting going forward.