Accounting Definitions What is an impairment loss?

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Alex
Posts: 11
Joined: Sat Jun 13, 2009 12:34 am

Accounting Definitions What is an impairment loss?

Post by Alex » Sat Jun 13, 2009 11:31 am

What is an impairment loss?
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Creinin
Posts: 21
Joined: Fri Jul 03, 2009 9:25 pm

Re: Accounting Definitions What is an impairment loss?

Post by Creinin » Fri Jul 03, 2009 9:53 pm

If recoverable amount of non current asset is below the currying amount the difference would be recognised as impairment loss.
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