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asset impairment

Asset impairment is depreciation. It deals with the impairment of assets.

Assets are the assets that are carried as assets in the balance sheets i.e. buildings, fleet of cars, machinery, computers, storage systems, inventories, semi-finished products etc. Impairment is about the reduction in value of these assets. For this impairment there are international rules that ensure a comparative valuation and recoverability. In Germany there is depreciation for this purpose.

The asset impairment ensures the recoverability of assets and offers correction possibilities if assets have to experience a higher impairment, namely through higher depreciation.

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Englisch: asset impairment
Updated at: 31.05.2009
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