Impairment Charge is an expense that reflects a reduction in the carrying value of an asset on the Balance Sheet. The impairment occurs when the carrying value of a particular asset on the Balance Sheet exceeds its fair market value. While any asset can suffer impairment, the most commonly impaired assets are Inventory, PP&E, Intangible Assets and Goodwill.

About Lumovest

Lumovest provides online courses in finance and investing. Prior to founding Lumovest, we worked in the Investment Banking Division at Goldman Sachs in New York and at the world’s leading hedge fund and large-cap private equity buyout firms.

Our goal is to provide universal access to the financial education that is taught to employees at Wall Street’s most elite firms. Through our structured curriculum and logic-focused teaching-method, we’ve made these seemingly complex concepts super easy to understand.

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