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Accounting issues related to asset impairment.

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Please explain the accounting issues that are related to asset impairment.

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The solution explains the accounting issues that are related to asset impairment. References are provided.

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Explain the accounting issues related to asset impairment.

An impairment loss is measured as the amount by which the asset's carrying amount exceeds the higher of the value in use and the net selling price of that asset.
Indications of Impairment [IAS 36.12]
External sources:
- market value declines
- negative changes in technology, markets, economy, or laws
- increases in market interest rates
- company stock price ...

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