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An impairment loss for intangible assets with indefinite lives is calculated as the book value less the Fair value.
Intangible assets are the sources a business owns that cannot be moved, like a system, or deal with, like bodily property. those intangible properties consist of goodwill, patents, logos, copyrights, and greater. They preserve lots of price on your business, even though they are not physical objects you could contact.
An intangible asset does no longer have a physical lifestyle however it possesses an economic value. It occupies an essential position within the company's stability sheet and may shore up its basic valuations for a long time. A tangible asset has a finite fee and a physical life.
Learn more about intangible assets here https://brainly.com/question/29704120
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