Definition for : Impairment losses
Impairment losses recognise the loss in Value of a fixed asset not related to its day-to-day use. They cover mainly Depreciation for doubtful Receivables, Inventories and/or Amortisation of Goodwill and other intangible Fixed assets. Also called Write-downs.
(See Chapters 3 and 7 of the Vernimmen)
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