What does asset impairment accounting mean?

asset impairment accounting meaning in Law Dictionary

just how accountants estimate total earnings on a secured item over at minimum 20 years. This is certainly compared to the book worth and gain or loss is published predicated on any huge difference.

asset impairment accounting meaning in Business Dictionary

An accounting method where complete profit projected become created by a capital asset over a period (minimal 20 years) is compared to its guide price, and a fantastic gain or loss is posted according to the huge difference.