Impairment

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Revision as of 08:33, 27 August 2013 by imported>Doug Williamson (Spacing 27/8/13)
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1.

Financial reporting.

A reduction in the recoverable amount of a fixed asset or goodwill below its carrying amount.


2.

The related accounting adjustment required to reduce the carrying amount of the asset in the balance sheet - to the new lower recoverable amount - and to recognise an impairment loss.


3.

More generally, any weakening, damage or reduction in value.


See also