Impairment

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Definition: Impairment

Impairment

Quick Summary of Impairment

A reduction in the carrying value of an asset, beyond the expected depreciation, which must be reflected by reducing the amount recorded in the balance sheet.

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Sources

What is the dictionary definition of Impairment?

Dictionary Definition

  1. The result of being impaired; a deterioration or weakening; a disability or handicap; an inefficient part or factor.
  2. accounting A downward revaluation, a write-down.

Synonyms For Impairment

damage, disability, harm, weakening, loss

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/impairment/
Modern Language Association (MLA):
Impairment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/impairment/.
Chicago Manual of Style (CMS):
Impairment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/impairment/ (accessed: April 20, 2024).
American Psychological Association (APA):
Impairment. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/impairment/

Definition Sources

Definitions for Impairment are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th January, 2020 | 0 Views.