What term is used to describe the situation where the value of an intangible asset may be significantly diminished?
A)Amortization
B)Depreciation
C)Depletion
D)Impairment

Name: What term is used to describe the situation where the value of an intangible asset may be significantly diminished? A)Amortization B)Depreciation C)Depletion D)Impairment
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Impairment is recorded for those intangible assets that do not have identifiable lives when the value of those assets has diminishe

What Term Is Used to Describe the Situation Where the Value