Asset impairment definition

Asset impairment means the balance sheet adjustment amount necessary to adjust a company's tangible asset values as reported in a company's books and records kept in the regular course of business to reflect the current fair value of those assets.
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Examples of Asset impairment in a sentence

  • Asset impairment charges in both years primarily reflect write downs of certain cost method investments.

  • Asset impairment charges were $1.9 million lower than 2005, which included the write down of a North American repair facility that was sold in 2006 and the write down of certain locomotives in Europe.

  • Asset impairment charges increased $1.8 million primarily due to an impairment on a North American repair facility subsequently sold in 2006 and the write down of certain locomotives in Europe.

  • Asset impairment charges are recorded to reduce the carrying amount of the long-lived asset that will be sold or disposed of to their estimated fair values.

  • The Bank hereby waives compliance with Section 7.03 for the Fiscal Quarter ending December 31, 2010 provided the actual operating loss before goodwill and Intangible Asset impairment charges was not greater than $2,101,000.00 as at December 31, 2010.

  • Asset impairment is considered to exist if the total estimated future cash flows, on an undiscounted basis, are less than the carrying amount of the long-lived asset.