Asset of a company that is worth less out in the market than is it listed for on the balance sheet of the company. By inflating the asset's value, it will likely result in a write-down of that same asset account to the price that is stated out in the market.
Related information about impaired asset:
- Impaired Asset Definition | Investopedia
A company's asset that is worth less on the market than the value listed on the company's balance sheet. This will result in a write-down of that same asset ...
- Impaired asset - Wikipedia, the free encyclopedia
Impaired asset. From Wikipedia, the free encyclopedia. Jump to: navigation, search. An impaired asset is a condition in which an asset's market value falls below ...
- Impaired Asset - Financial Dictionary - The Free Dictionary
An asset with a market value less than its value listed on the company's records, especially when the value is unlikely to recover. The cash flow an impaired ...
- Asset Impairment and Disposal
It must also disclose in the notes to the financial statements a description of the impaired asset and the facts and circumstances leading to the impairment.
- Guidance Note AGN 220.1 Impaired Asset Definitions
DRAFT. November 2005. AGN 220.1 - 1. Guidance Note AGN 220.1. Impaired Asset Definitions. Scope. 1. The appropriate recognition and measurement of ...
- What is impaired asset? definition and meaning
Definition of impaired asset: Asset of a company that is worth less out in the market than is it listed for on the balance sheet of the company. By inflating the ...
- What Is an Impaired Asset?
An impaired asset is any asset that current has a market value that is less than the value carried in the owner's accounting records. The term is most commonly ...
- Impairment of Fixed Assets | Definition | Examples | Journal Entries
If due to any event the impaired asset regains its value the gain is recorded in income statement to the extent of original impairment loss and any excess is ...