Asset Impairment Accounting

Business, Legal & Accounting Glossary

Definition: Asset Impairment Accounting


Asset Impairment Accounting


Full Definition of Asset Impairment Accounting


An accounting technique for handling impaired assets, or assets whose market value has decreased dramatically and is not expected to return to previous levels. Impaired assets are typically written down by debiting a loss account and crediting the corresponding asset account. Impaired asset accounting may apply to investments as well as to more tangible assets.


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December 06, 2021 https://payrollheaven.com/define/asset-impairment-accounting/.
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Asset Impairment Accounting. PayrollHeaven.com. Retrieved December 06, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/asset-impairment-accounting/

Definition Sources


Definitions for Asset Impairment Accounting 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: 20th November, 2021 | 0 Views.