Examlex
In some shade plants,the negative effect of high light levels on the rate of photosynthesis is referred to as ________.
Impairment Loss
A reduction in the recoverable value of a fixed asset or goodwill below its book value, leading to a write-down and charge against earnings.
Cost Method
An accounting method where investments are recorded at their acquisition cost without subsequent change except for impairment.
Fair Value
The price that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
Goodwill Impairment
A charge that companies record when the book value of goodwill on their balance sheets exceeds its fair market value, indicating that the asset has lost value.
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