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Recording an Accounting Impairment Loss in Your Business

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If one of your company’s fixed assets drastically lost value, you might be able to write off the difference as an impairment loss to save a few bucks. But before you do, complete a few simple calculations to ensure your situation is actually an impairment loss, not just normal depreciation.

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Original Article Source Credits: Intuit and QuickBooks,https://quickbooks.intuit.com/ca/

Article Written By Emily Retherford

Original Article Posted on : Not applicable

Link to Original Article: https://quickbooks.intuit.com/ca/resources/profit-loss/record-impairment-loss/

 

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