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.
Related information about asset impairment accounting:
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... as consider certain relevant asset impairment accounting. Specifically, the project will develop guidance for reporting information about deferred maintenance ...
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