Asset Impairment

𝐖𝐡𝐚𝐭 𝐈𝐬 𝐀𝐧 𝐀𝐬𝐬𝐞𝐭 𝐈𝐦𝐩𝐚𝐢𝐫𝐦𝐞𝐧𝐭? 𝐀𝐧𝐝 𝐇𝐨𝐰 𝐓𝐨 𝐂𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐞 𝐈𝐭?

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When an asset losses its value or there is a reduction in its market value, this reduction in value is referred to as Asset Impairment.