This question was closed without grading. Reason: Answer found elsewhere
Apr 8, 2005 12:47
20 yrs ago
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English term
of its cash generating unit
Non-PRO
English to French
Bus/Financial
Accounting
The carrying amounts of the assets are reviewed at each balance sheet date to determine whether there is any indication of impairment. If any such indication exists, the asset’s recoverable amount is estimated. An impairment loss is recognized whenever the carrying amount of an asset of its cash generating unit exceeds its recoverable amount. Impairment losses are recognized in the income statement.