For the year ended december 31 2008 general motors, Ask an Expert

Accounting

For the year ended December 31, 2008, General Motors Corporation reported a Loss from Operations of $20 billion. The following asset impairment losses were included among its operating expenses.

Goodwill impairment $ 690 million
HUMMER equipment impairment 275 million
Saab equipment impairment 540 million
Other impairment losses 1,180 million
Total impairment losses $ 2,685 million

What percentage of the company's 2008 operating loss was explained by asset impairments? (Round your answer to 1 decimal place. Omit the "%" sign in your response.)

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Accounting Basics, Accounting

Category:- Accounting Basics
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