Put in another way, if what you say is true for twenty years, tai chi is useless as a combat art. In that twenty years, the boxer can defend himself. And when that twenty years is up, the tai chi student can only defend himself against people who have worn-out bodies.
Definition - What does Environmental Impairment Liability Insurance (EIL) mean? Environmental impairment liability insurance (EIL) is insurance coverage for liabilities associated with environmental damage or pollution. Companies that may be at risk for losses associated with pollution often purchase these policies.
Fixed Asset Impairment Accounting | Impairment Loss Accounting. An asset impairment arises when there is a sudden drop in the fair value of an asset below its recorded cost. The accounting for asset impairment is to write off the difference between the fair value and the recorded cost.Some impairments can be so large that they cause a significant decline in the reported asset base and profitability of a business.Impairment only occurs when the amount is not recoverable.f there is an impairment at the level of an asset group, allocate the impairment among the assets in the group on a pro rata basis, based on the carrying amounts of the assets in the group. However, the impairment loss cannot reduce the carrying amount of an asset below its fair value.