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Did you hear about impairment tests?

Publication date: 2012-12-06 05:34:39

Often an assumption is made that it is impossible for fixed assets to be impaired and therefore no relevant analysis of the impairment indicators is performed, despite such analysis shall be performed at least once a year. If at least one internal or external impairment indicator exists, a detailed impairment test is required to calculate how much a fixed asset value should be decreased, if any.

Regards,
Slawomir Ekman
24iValue

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