Is impairment of assets same thing as depreciation?

Question added by NWANYIOMA ABARIKWU
Date Posted: 2016/01/27

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If the asset is depreciated and have no more value because of depreciation But the Asset is using still in company,,What is the accounting treatment?
Top Answer: As long as the asset is used in the business, we have to show its cost and accumulated depreciation in th ... See More

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What is the meaning of impairment asset?
Top Answer: It's a company,s asset that has a market price less than the value listed on the company,s balance sheet See More

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What are the symptoms of impairment assets?
Top Answer: Decrease of assets price in the market and while revaluation the amount decreased in the market, generall ... See More

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Gain on disposal of asset would be highest if the asset is depreciated using :
Top Answer: Answer C is correct See More

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