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depreciation v impairment

This topic has 3 replies, 3 voices, and was last updated 11 years ago by MikeLittle.

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February 14, 2013 at 2:47 am #117810
rania
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difference?
February 14, 2013 at 7:38 am #117826
MikeLittle
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depreciation writes off a tangible non-current asset
impairment reduces the carrying value of an intangible non-current asset
February 18, 2013 at 5:30 pm #118168
sab
Member
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both are written off as expenses in the income statement right??
February 19, 2013 at 7:24 am #118214
MikeLittle
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correct
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