Impairment

Impairment

Chantell Martens 1256697409|%e %b %Y, %H:%M %Z|agohover

Hi everyone,

I was just wondering how everyone else defines the term impairment, and how other Councils assess the impairment of Intangibles with indefinite life, eg Water Rights?

Thanks,
Chantell

Re: Impairment

Wayne Eddy 1256698242|%e %b %Y, %H:%M %Z|agohover

Hi Chantell,

This won't help very much, but Wikipedia defines impairment as a downward revaluation of fixed assets.
I have created a page on the topic, and hopefully someone with more accounting knowledge than me, will add some more useful information to the page in due course.

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Wayne Eddy
Bundaberg, Australia

last edited on 1257386250|%e %b %Y, %H:%M %Z|agohover by Wayne Eddy + show more