What is the major difference between 'Depreciation on Asset' and 'Impairment of Asset' ?

1 Answer

Answer :

Depreciation of assets in the allocation of assets whose value is placed on the balance sheet. It is a kind of tangible asset that may incur a cost. While Impairment of assets in the assets of a company whose value in the market is less than the actual price entered in the balance sheet. They are usually long-term assets. The longer the span the greater the impairment.

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