L17 Notes_Part_10 - A loss should be recognized when an...

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Asset Impairment Impairment is the loss of a significant portion of the utility of an asset through . . . Casualty. Obsolescence. Lack of demand for the asset’s services.
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Unformatted text preview: A loss should be recognized when an asset suffers a permanent impairment. 4. Asset in Operation...
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This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.

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L17 Notes_Part_10 - A loss should be recognized when an...

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