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Impairment of Intangible Assets (Financial Accounting Tutorial #63)

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Impairment of Intangible Assets (Financial Accounting Tutorial #63)

30,759 views October 28, 2014 9:46

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ChannelNotepirate

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What happens when the recoverable amount of an asset drops below its carrying value? It becomes an impaired asset! In this presentation we go over how to realize when an asset is impaired for finite and indefinite intangible assets and then we go about recognizing the entry.

Impairment checks are usually performed on an annual basis. Also note that once an intangible asset is recognized as impaired, we cannot reverse it! Take note!

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About this tutorial

Notepirate published this 9:46 video tutorial on October 28, 2014. It has been watched 30,759 times on YouTube.

Channel
Notepirate
Category
Education
Duration
9:46
Published
October 28, 2014
Views
30,759
Likes
164

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