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what is impairement?
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Answer / subbu
Impairment is the loss of weakening of value of an asset is called Impairment under AS 28 of ICAI
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Answer / manojs
the term to write the intangigle assets is amortistion.an
intangible assets with finite useful shall be amotised and
intangible assets with infinite useful should be impaired
and not amortised. for
eg goodwill should be impaired butshould not be amortised
treatment:its a non cash expense so it should be charged
against the income
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