Impairment of long-lived assets

Impairment of long-lived assets,

Definition of Impairment of long-lived assets:

  1. In order for a company to relinquish assets that they consider to be damaged or unusable, the company must make sure it is a reasonable charge as to why the asset is no longer viable.

Meaning of Impairment of long-lived assets & Impairment of long-lived assets Definition