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impairment loss f an asset is the reduction in the income generating ability of that asset.

it is calculated as:

carrying value less recoverable amount.

-carryibg value is the cost less accumulated depreciation

-recoverable amount is the higher amount between the net selling price of an asset and its value in use.

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What does 12 percent whole person impairment value mean?

A 12 percent whole person impairment value indicates that an individual has experienced a permanent impairment affecting their overall functional capacity, quantified as 12 percent of the whole person. This value is often used in medical and legal contexts to assess the impact of an injury or condition on a person's ability to perform daily activities and engage in work. It serves as a basis for compensation calculations in workers' compensation and personal injury claims. Essentially, it reflects the degree to which the impairment affects the individual's quality of life.


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