Search results
29 cze 2024 · Impairment is a permanent reduction in the value of a company asset due to an unexpected or one-time event. Learn how to test, record, and report impairment losses under GAAP, and see examples of impaired assets and capital.
Impairment is a sudden and irreversible decrease in the value of an asset, such as goodwill or property, due to various factors. Learn how to assess, measure and disclose impairment, and see examples of impairment cases in the steel industry.
IAS 36 is a standard that requires entities to reduce the carrying amount of an asset when its recoverable amount is lower than its carrying amount. The recoverable amount is the higher of fair value less costs to sell and value in use, and it is assessed annually or when there is an indication of impairment.
21 sie 2024 · The impairment definition refers to a permanent fall in the value of a company's fixed or intangible asset for various reasons. If an asset's fair value drops and becomes lower than the book value, it becomes impaired per GAAP or the Generally Accepted Accounting Principles.
Impairment of assets is when the book value of an asset exceeds its recoverable amount. Learn how to identify, calculate and record impairment losses, and the advantages and disadvantages of this concept.
IAS 36 is an accounting standard that requires entities to ensure that their assets are not carried at more than their recoverable amount. It defines how recoverable amount is determined and when impairment tests are conducted for different types of assets.
4 cze 2024 · Learn what an impaired asset is, how to test it, and how to record it under GAAP and IFRS. Find out the difference between depreciation and impairment, and see a real-world example of an impairment loss.
