Impairment Test definition
Impairment Test means a process to check the recoverability of non-current assets recorded in balance sheets of companies. It includes identifying impairment indicators (or trigger events), assessing or reassessing the cash flows, determining the discount rates, testing the reasonableness of the assumptions and benchmarking the assumptions with the market.
Examples of Impairment Test in a sentence
The cognitive status was assessed with the six-item Cognitive Impairment Test (6CIT);[45] this score ranges from 0 to 28, with a score of 11 or higher indicating moderate to severe cognitive impairment.
The AMS must be able to process the following: Acquisition at cost Acquisition at fair value Depreciation Impairment Test for impairment Apply test for impairment results Disposal Test for RUL change Perform Revaluation Apply RUL changes Impairment Reversal Test for impairment Acquisition date change The AMS must cater for an infinite number of sub levels where data is hierarchically stored in a parent child relationship.