Question: 1. How much did Blackberry USA write down in Inventory, Long-Term Assets, and Goodwill for the fiscal years ending March 1, 2012, 2013, 2014?
2. What differences are there, if any, between US GAAP and IFRS in accounting for inventories? Explain and provide citations from ASC 330 and IAS 2.
3. Explain the testing and calculation of Long-Term Asset Impairment under US GAAP. Provide citation from ASC 360. Are there any parts of the testing or calculation that you think don't make sense?
4. What are the significant differences, in any, between US GAAP and IFRS regarding Long-Term Asset Impairment? Provide citation from ASC 360 and IAS 36.
5. Explain the testing and calculation of Goodwill Impairment under US GAAP. Provide citation from ASC 350. Are there any parts of the testing or calculations that you think don't make sense?
6. What are the significant differences, if any, between US GAAP and IFRS regarding Goodwill Impairment? Provide citation from ASC 350 and IAS 36.