The loss of free market value of
Impairment Losses of the corporate Asset happens when free market value of the Asset goes below its booked value at Balance Sheet.
The difference between the two is reported as Impairment Loss in Profit and Loss (P&L)Business expenses on buying, maintaining or improving its Fixed Assets.
See also
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Business / Business Administration / Financial Management / Financial Accounting / Profit and Loss (P&L)
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