Asset Impairment Costs

Impairment (financial reporting) An Impairment cost must be included under expenses when the book value of an asset exceeds the recoverable amount. Impairment of assets is the diminishing in quality, strength amount, or value of an asset.

NOTE - Asset Impairment Costs are not usually  recognised when preparing SPFR's in Australia. The amortisation standard below & in the link relate to the preparation of General Purpose Financial Statements.