急求资产减值的外文原文

Code Section 165 allows a deduction for the termination of the usefulness of nondepreciable property used in business that is "not compensated for by insurance or otherwise." However, Regulation 1.165-1 (b) provides the following three tests that must be met before a loss can be deducted. 1. The loss must be evidenced by a closed and completed transaction. 2. The loss must be fixed by an identifiable event. 3. The loss must be sustained during the taxable year. In addition, the regulation states that "substance and not mere form shall govern in determining the amount of the deduction" and "only a bona fide loss is allowable."
The physical act of abandonment (e.g., permanently discarding the property) ordinarily would satisfy the first two requirements. However, the mere nonuse of an asset is insufficient. Thus, it is important for the company: to identify which asset is impaired an then take actions to document that the company does not intend to