what is the meaning of empairment asset
- 2 Answers
- 9155 Views
- Capital IQ, IBM, Quazi Enterprises, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / prasanna11149@yahoo.co.in
An unexpected or sudden decline in the service utility of a
capital asset, such as a factory, property or vehicle. This
could be the result of physical damage to the asset,
obsolescence due to technological innovation, or changes to
the legal code. Impairments can be written off.
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / 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 |
Short Answer on ________Sole Proprietor
What is Break Even Point?
What does Pay-In and Pay-out mean?
what is amortization or what is the use of amortization?
Expand ---------HNSS
What do you think you do well?
11 Answers AVV, Bank Of America,
explain the financialand economic meaning of investment?
Expand ________DMHO
what is the basic function of accounting?
what is debit note received entry ?
what is the diffrence between gross profit& net proffit?
WHAT IS THE MEANING OF INDENTURE?
Audit 
