Examlex
When two people have the same name, you should look first to see if titles and suffixes differentiate between the names.
Impairment Loss
A charge recorded when the carrying amount of an asset exceeds its recoverable amount.
Carrying Amounts
The value at which an asset is recognized on the balance sheet, after deducting accumulated depreciation or amortization.
Goodwill
An intangible asset that arises when a buyer acquires an existing business at a price higher than the fair market value of its net identifiable assets.
Fair Market Value
is an estimate of the market value of a property, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller in the market.
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