Impairment Test – Definition, Explanation, Indicators, How to test the impairment, Examples, 6 Tips for impairment test
Definition: The impairment test is the testing procedure that is performed by the companies on the assets that they have to find out if the assets are impaired make the carrying value of assets in the reporting date less than the recoverable value of assets. For example, the company performs the impairment test on the …