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How to use impairment in a sentence. The meaning of impairment is the act of impairing something or the state or condition of being impaired : Impairment refers to the permanent decrease in the fair value of a companys intangible or fixed assets due to multiple factors, such as increased competition, physical damage, etc. · impairment, disability and handicap - do you know the difference? · an impairment in accounting is a permanent reduction in the value of an asset to less than its carrying value. · impairment refers to a sudden, permanent loss of value in the organizations asset, fixed or intangible, below the carrying value of the asset on the balance sheet. The term impairment is associated with an asset currently having a market value that is less than the assets book value Diminishment or loss of function or ability. Impairment (financial reporting) impairment of assets is the diminishing in quality, strength, amount, or value of an asset. This article will share more and provide salient examples for you. Click for english pronunciations, examples sentences, video. If someone has an impairment, they have a condition which prevents their eyes, ears, or brain. The act of spoiling something or making it weaker so that it is less effective 2. An impairment cost must be included under expenses when the book value … The impairment of a fixed asset can be described as an abrupt decrease in fair value due to physical damage, changes in existing laws creating a permanent decrease, increased competition, poor …