Abstract: Accounting for impairment of assets is a subsection of financial accounting, which includes the recognizing, measuring, recording and reporting of impairment of assets. It requires that an asset be measured and reported at its actual value at each balance sheet date if its actual value is lower than the carrying amount, and the amount of impairment which is the excess of the carrying amount over that measure of actual value be recognized as a loss. It is a major accounting issue how to recognize and measure...