# Federal Acquisition Regulation; Impairment of Long-Lived Assets
> **US Department of Defense** · Interim rule adopted as a final rule with changes. · Published 1996-12-20 · Effective 1997-02-18 · 61 FR 67423
## Document
- **Document number:** 96-32010
- **Category:** other
- **Sub-agency:** US Department of Defense
- **Federal Register citation:** 61 FR 67423
- **CFR reference:** 48 CFR 31
- **Publication date:** 1996-12-20
- **Effective date:** 1997-02-18
- **DOD docket:** FAC 90-43
## Abstract

The Civilian Agency Acquisition Council and the Defense Acquisition Regulations Council have agreed to a final rule to amend the Federal Acquisition Regulation (FAR) to clarify the cost allowability rules concerning the recognition of losses when carrying values of impaired assets are written down for financial reporting purposes. This regulatory action was not subject to Office of Management and Budget review under Executive Order 12866, dated September 30, 1993, and is not a major rule under 5 U.S.C. 804.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1996/12/20/96-32010/federal-acquisition-regulation-impairment-of-long-lived-assets)
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