what is the meaning of empairment asset
- 2 Answers
- 7940 Views
- Capital IQ, IBM, Quazi Enterprises, I also Faced
- E-Mail Answers
Answer Posted / sudhir
dictionary meaning: weaken or damage.
in case of tangible assets we use the word depreciation for
reduction in the value of the asset due to obsolence or
wear and tear.
in the case of intangible asset there is no wear and tear,
so therefore we use the word impairment for reduction in
the value of intangible asset.
depreciation is caused only due to wear and tear.
| Is This Answer Correct ? | 5 Yes | 2 No |
Post New Answer View All Answers
what are the differences between Tally and Focus?
Short Answer on ______Budget
Who will be called as consignee
Cost center 60500 in controlling area 1000 is locked for revenue postings on 31.03.2008.Now How can I Assign the account to another cost center or allow cost center 60500 to again accept revenue postings.
What is pre-paid amount? What is post-paid amount? Explain received in advance? Explain paid in advance?
Short Answer on _________Accounts Receivable
which is the combine entry in ERP?
what would you contribute for bhels growth
Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe
Hi friends can you send me the Accounting Interview questions with a interview experienced questions please
What is T+2 rolli g settlement cycle?
what is the meaning of Processing Vendor/Employee payments
How can i do the entry of of service tax in tally.
Short answer on Allowances
plz send me the accounting questions and answers of bank of america.
