impairment of asset meaning
Vishwajeet Vilas Gaikwad (22 Points)
16 June 2019Vishwajeet Vilas Gaikwad (22 Points)
16 June 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 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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