What does impaired asset mean?
Definitions for impaired asset
im·paired as·set
This dictionary definitions page includes all the possible meanings, example usage and translations of the word impaired asset.
Wikipedia
Impaired asset
According to U.S. accounting rules (US GAAP), the value of an asset is impaired when the sum of estimated future cash flows from that asset is less than its book value. At this point an impairment loss should be recognized, which is done by taking the difference between the fair market value (FMV) and the book value and recording this amount as the loss. This basically records the asset as if it were being acquired brand new at its FMV, recording this as its new book value. This is a common occurrence for goodwill where a company will purchase a target company for more than the value of its net assets. Under US GAAP, goodwill is tested annually for impairment.
Numerology
Chaldean Numerology
The numerical value of impaired asset in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of impaired asset in Pythagorean Numerology is: 4
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"impaired asset." Definitions.net. STANDS4 LLC, 2024. Web. 28 Mar. 2024. <https://www.definitions.net/definition/impaired+asset>.
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