An impaired asset is one whose fair market value drops below its book value. A business determines if an asset is impaired by comparing those two values.

Impairment loss is the permanent decrease in an asset's value to a fair market value that's less than the book value recorded on a company's financial statements.

Finally, a Fair Purchase Price tool provides a snapshot of a vehicle’s actual selling price from tens of thousands of sale transactions. Differing from the other car value tools used by Kelley Blue ...