Your Bottom Line | Accounting Firm in Courtice, ON

Recording an Accounting Impairment Loss in Your Business

External Author   |  

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.

Read more


Original Article Source Credits: Intuit and QuickBooks,

Article Written By Emily Retherford

Original Article Posted on : Not applicable

Link to Original Article: