What do impairments mean

Oliver British. Wendy British. Fred US English. Tessa South African. How to say impairment in sign language? Examples of impairment in a Sentence Barbara Bowman : It makes me sick, and it sends a very wrong message about what consent really means, consent is not the absence of a' no.

Jonathan Cherney : Impaired people have a tendency of crashing, so if you have a situation like this one, where you have a single-vehicle crash, with out-of-the-ordinary type circumstances, that should trigger the first responder to inquire further and to explore impairment as a possible cause of the collision.

Fred Delfino : Because marijuana isn't the only drug that can cause impairment , Abbott has engineered SoToxa to detect if someone has also recently used cocaine, opiates, benzodiazepines, amphetamines, and methamphetamine, in addition to marijuana.

Wayne Hall : People who used occasionally in their 20s and discontinue as most cannabis users do, are at low risk of developing any cognitive impairment , but cannabis is a drug, and like all drugs, it can harm users when used in particular ways.

Popularity rank by frequency of use impairment Select another language:. Please enter your email address: Subscribe. Discuss these impairment definitions with the community: 0 Comments. Notify me of new comments via email. Cancel Report. Create a new account. Log In. Powered by CITE. Are we missing a good definition for impairment?

Don't keep it to yourself Submit Definition. If impairment exists an accountant writes off the difference between the fair value and the carrying value, and the value of the asset decreases on the company's balance sheet.

Fair value is normally derived as the sum of an asset's undiscounted expected future cash flows and its expected salvage value, which is what the company would expect to receive from selling or disposing of the asset at the end of its useful life.

Financial Accounting Standards Board. Accessed Aug. Tools for Fundamental Analysis. Financial Analysis. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page.

These choices will be signaled globally to our partners and will not affect browsing data. We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. What Is Impairment? Key Takeaways Impairment can occur as the result of an unusual or one-time event, such as a change in legal or economic conditions, a change in consumer demand, or damage that impacts an asset.

Assets should be tested for impairment regularly to prevent overstatement on the balance sheet. Impairment exists when an asset's fair value is less than its carrying value on the balance sheet. If impairment is confirmed as a result of testing, an impairment loss should be recorded. An impairment loss records an expense in the current period which appears on the income statement and simultaneously reduces the value of the impaired asset on the balance sheet.

How Is Impairment Determined? What's the Difference Between Depreciation and Impairment? Impairment accounts for an unexpected and drastic drop in the fair value of an asset. For instance: A tractor depreciates in value from year to year throughout its useful lifetime. A tractor that gets crushed by a falling tree has experienced an impairment that must be recorded on the books as such.

How Is Impairment Accounted For? Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts.

We also reference original research from other reputable publishers where appropriate. See the full definition for impairment in the English Language Learners Dictionary. Nglish: Translation of impairment for Spanish Speakers. Britannica English: Translation of impairment for Arabic Speakers. Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free! Log in Sign Up. Save Word. Definition of impairment.

First Known Use of impairment 14th century, in the meaning defined above. Learn More About impairment. Time Traveler for impairment The first known use of impairment was in the 14th century See more words from the same century.