Examlex
Setting up goals allows you to see________.
Impairment Tested
Impairment testing is the process of evaluating assets to determine if their carrying value exceeds the recoverable amount, indicating a need for impairment charges.
Amortized
The process of gradually writing off the initial cost of an asset over a period according to a fixed plan.
Impairment Loss
The amount by which the carrying value of an asset exceeds its recoverable amount.
Assets
Resources owned or controlled by a business from which future economic benefits are expected.
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