impairment of asset meaning
Vishwajeet Vilas Gaikwad (22 Points)
16 June 2019
what is meant by impairment of asset?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182909 Points)
Replied 17 June 2019
Impairment of assets can be explained as an unexpected decline in an asset’s service utility, or value. This might result from physical damage to the asset, changes to the legal code, or obsolescence resulting from technological innovation.
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