13:08 Jan 15, 2021 |
Spanish to English translations [PRO] Bus/Financial - Accounting / EDI - e-billing - taxatio | |||||||
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| Selected response from: patinba Argentina Local time: 14:32 | ||||||
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Summary of answers provided | ||||
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1 +3 | impairment loss |
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Discussion entries: 3 | |
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impairment loss Explanation: The value of assets is measured periodically, and if it has fallen, an impairment loss is recorded. What Is Impairment? In accounting, impairment describes a permanent reduction in the value of a company's asset, typically a fixed asset or an intangible asset. When testing an asset for impairment, the total profit, cash flow, or other benefit expected to be generated by that specific asset is periodically compared with its current book value. If it is determined that the book value of the asset exceeds the future cash flow or benefit of the asset, the difference between the two is written off and the value of the asset declines on the company's balance sheet. KEY TAKEAWAYS -------------------------------------------------- Note added at 1 hr (2021-01-15 14:20:00 GMT) -------------------------------------------------- ... which of course would make your next string "Loss on disposal..." |
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Notes to answerer
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