asset impairment
Definition
When a company can no longer use an asset. For example, a piece of equipment used in the manufacturing process has broken to the point that the company is unable to repair or use this equipment. The company can allocate for this loss of equipment in their yearly financial statement.
Related Articles
- How to Avoid or Escape Credit Card Debt *
- The Impact of International Economics *
- Choosing an Online Forex Trading Platform *
- Leading Economic Indicators Explained *
- An Overview of the Investment Options Suited for Educational Planning *
- ETFs - Basic Facts *
- Investment Clubs *
- What is a C Corporation? *
Related Videos
http://www.businessdictionary.com/definition/asset-impairment.html
