Goodwill, for example, doesn't represent any ... amount unless the fair value of the acquired assets is judged to be "impaired." A similar accounting treatment is used for patents.

Amortization and depreciation are accounting methods used to allocate the cost of assets over their useful lives. Amortization applies to intangible assets like patents and trademarks. Depreciation ...

For example, when a delivery company ... "IAS 36 Impairment of Assets." LH Frishkoff & Company. "Accounting for Impairment of Property, Plant, and Equipment (US GAAP)," Pages 4,6.

Balance Sheet Definition: A financial statement that lists the assets, liabilities and equity of a company at a specific point in time and is used to calculate the net worth of a business. A basic ...