When this happens, the company is required to write down the value of these assets through an accounting process called an impairment. Image source: Getty Images. Any number of things can happen ...

Under U.S. generally accepted accounting principles, or GAAP, assets that are considered impaired must be recognized as a ...

Importantly, the general threshold for impairment, as described under generally accepted accounting principles (GAAP), is the inability to recover the book value amount. If the asset is determined ...