What is the difference between depreciation and impairment, when impairment is more suitable?

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Question ajoutée par Muhammad Sohail Anwar , Finance Manager , The Food Concepts
Date de publication: 2014/11/22

Apprécier (1) Vues (7) Suiveurs (3) Réponses (2) Report Question

par Satish Koottala , Accountant , City Diamond Contracting LLC

Depreciation is writing down the value of an asset, for us to get the right value on some particular day.

Impairement is writing down the value to the fair value of the asset for which it will generate in future.

par Qaisar Ali , Financial Analyst , Saudi Public Transport Company

Depreciation has to be done annually and impairment take place only when we get impairment indications....

The impairment loss of the asset?
Top Answer: This is a vague question. Impairment loss is the amount ... Voir Plus

Réponses (10)
There was a question about land depreciation as a fixed asset I called to answer it
Top Answer: Land and buildings have to be treated differently as far as depreciation is concerned. Practically, the l ... Voir Plus

Réponses (12)
Difference between Depreciation, Accumulated Depreciation and APC? What is APC?
Top Answer: In accountancy, depreciation refers to two aspects of the same concept: The decrease in value of assets ... Voir Plus

Réponses (37)
Which one of the following methods of depreciation will result in the lowest reported net income in the early life of a depreciable asset?
Top Answer: Option D is correct. Sum of the years digits depreciation method. Voir Plus

Réponses (4)

Avez-vous besoin d'aide pour créer un CV ayant les mots-clés recherchés par les employeurs?