By Giselle El Biri
| January 24, 2017
As restaurant operators well know, things do not always go as planned. For instance, areas where restaurants are operating can become saturated with competition, demographics and target audiences can evolve, or management’s plans may simply change, resulting in a decision to close a location. Under generally accepted accounting principles (GAAP), these situations each represent examples of triggering events which require the performance of an asset impairment test.