What Does Impairment Mean in Accounting? With Examples Impairment is a substantial, unexpected decline in an asset's recoverable value that requires immediate recognition in financial statements This applies when an asset's ability to generate
impairment noun - Definition, pictures, pronunciation and . . . an injury, illness or condition that means that part of your body or brain does not work as it normally would or as it does in most people He drove in a state of serious impairment due to alcohol The drug is approved for mild cognitive impairment Want to learn more? Definition of impairment noun in Oxford Advanced Learner's Dictionary
Impairment - Accounting Definition, Factors, Pros, Cons What is Impairment? The impairment of a fixed asset can be described as an abrupt decrease in fair value due to physical damage, changes in existing laws creating a permanent decrease, increased
Impairment - Definition, Meaning Synonyms - Vocabulary. com People with impairments have trouble doing something If you have a hearing impairment, you can’t hear very well If you have a taste impairment, you can’t enjoy flavors If you bump your head and can’t remember your name, you’re suffering a mental impairment Some impairments are temporary