Examlex
A general term that refers to several types of severe mental disorders in which the person is considered to be out of contact with reality is
Impairment Loss
The amount by which the carrying amount of an asset or a cash-generating unit exceeds its recoverable amount.
Net Carrying Amount
The value of an asset recorded in a company's financial statement, which is the original cost minus accumulated depreciation and impairment losses.
Goodwill
An intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets, reflecting the value of the business's reputation, brand, and other unquantifiable assets.
Impairment Test
A process used to determine if an asset's carrying amount exceeds its recoverable amount, indicating the asset may be impaired and its value should be written down.
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