An impairment loss is the amount by which the asset's carrying amount exceeds its recoverable amount.

Name: An impairment loss is the amount by which the asset's carrying amount exceeds its recoverable amount.
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An impairment loss occurs when the carrying amount of an asset exceeds its recoverable amount, indicating that the asset is not expected to generate enough future cash flows to justify its current book value.

An Impairment Loss Is the Amount by Which the Asset's