asset impairment

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asset impairment definition - finance
Impairment occurs when the sum of the expected cash flows from the asset is less than the book value of the asset. Accounting practices require that long-term assets be evaluated for impairment. If a reduction is made in the carrying value because of impairment, it is recorded as a loss.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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"asset impairment." Webster's New World Finance and Investment Dictionary. 2009

  • Your Dictionary. 4 July 2009
  • <www.yourdictionary.com/finance/asset-impairment>

APA Style

asset impairment. (2009). In Webster's New World Finance and Investment Dictionary

  • Retrieved July 4th, 2009, from www.yourdictionary.com/finance/asset-impairment

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