Impairment: The decrease of recoverable value of fixed assets or goodwill less than the book value is termed as impairment. Intangible assets: An asset that has no physical appearance but has money value is termed as intangible assets. To determine the loss on impairment of an intangible asset is the asset.

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Chapter 12, Problem 4IST

To determine

Impairment: The decrease of recoverable value of fixed assets or goodwill less than the book value is termed as impairment.

Intangible assets: An asset that has no physical appearance but has money value is termed as intangible assets.

To determine the loss on impairment of an intangible asset is the asset.

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