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Term Of The Hour

GAAP impairment testing: Original post by Debbie Donner of Demand Media Impairment accounting involves the tracking of a company’s assets, such as land, buildings, equipment and machinery. Assets are sometimes at risk of declining in value due to technological advancements, poor business management or new competition. Impairment of assets, used in impairment accounting, is the diminishing of an asset’s…

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