Business, Legal & Accounting Glossary
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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This glossary post was last updated: 20th November, 2021 | 0 Views.