Examlex
Your spouse has decided that the best way to teach your son prosocial behavior would be to let him watch prosocial programs on television. What might be a problem with this approach?
Indefinite-Lived Intangible
Non-physical assets without a fixed life and which do not amortize, such as trademarks or brand names, that have potential value as long as they are used by the company.
Impairment
The decrease in an asset's value on a company's financial statements, reflecting that the asset is worth less than its carrying amount.
Annually
Occurring once every year.
U.S. GAAP
The United States Generally Accepted Accounting Principles, a framework of accounting standards, principles, and procedures used in the U.S.
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