Asset Impairment

Business, Legal & Accounting Glossary

Definition: Asset Impairment


Asset Impairment


Full Definition of Asset Impairment


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.


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https://payrollheaven.com/define/asset-impairment/
Modern Language Association (MLA):
Asset Impairment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 02, 2021 https://payrollheaven.com/define/asset-impairment/.
Chicago Manual of Style (CMS):
Asset Impairment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/asset-impairment/ (accessed: December 02, 2021).
American Psychological Association (APA):
Asset Impairment. PayrollHeaven.com. Retrieved December 02, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/asset-impairment/

Definition Sources


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