Dictionary » Letter I » impairment of long-lived assets
See Statement of Financial Accounting Standard No. 121. Under this standard if the undiscounted future cash flows from the asset (including sale amount) are less than its carrying amount, a loss is recognized. The amount of the impairment loss is measured by subtracting the asset's fair value from its carrying value.
| » For more clarity on this term: |
← Go Back |
Download and Print our Complete Learning Package Now you can highlight, make notes, and study away from your computer.
|