What Does Impairment Mean in Accounting? With Examples Impairment is a substantial, unexpected decline in an asset's recoverable value that requires immediate recognition in financial statements This applies when an asset's ability to generate
IMPAIRMENT Definition Meaning | Dictionary. com IMPAIRMENT definition: the state of being diminished, weakened, or damaged, especially mentally or physically See examples of impairment used in a sentence
IMPAIRMENT definition and meaning | Collins English Dictionary An impairment is a condition in which a part of a person's mind or body is damaged or is not working properly A person with a disability is defined as a person who has a physical or mental impairment that substantially limits one or more major life activities
Impairment - Accounting Definition, Factors, Pros, Cons What is Impairment? The impairment of a fixed asset can be described as an abrupt decrease in fair value due to physical damage, changes in existing laws creating a permanent decrease, increased competition, poor management, obsolescence of technology, etc