Borough of Dover ACS Demographic and Housing Estimates; Borough of Dover Selected Social Characteristics; Borough of Dover Selected Economic Characteristics; Borough of Dover Selected Housing Characteristics
Impairment. 1  Reduction in the value of an asset because the asset no longer generates the benefits expected earlier as determined by the company through periodic assessments. This could happen because of changes in market value of the asset, business environment, government regulations, etc.
Impairment (financial reporting) An Impairment cost must be included under expenses when the book value of an asset exceeds the recoverable amount. Impairment of assets is the diminishing in quality, strength amount, or value of an asset.