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Your organization can test fixed assets for impairment periodically. If an impairment exists, you can use Eagle's Book Impairment Adjustment panel, or related events, to write off the amount due to an impairment loss. During processing, the system creates an adjustment transaction for the impairment and generates the appropriate ledger entries. The system adjusts the book value/current amortized cost of all relevant open lots held for the selected positions by the calculated impairment or credit loss and also non-credit loss for statutory purposes.
When you use the Impairments Book Impairment Adjustment panel to submit an impairment for processing, you can provide the adjustment amount. Alternatively, you can enter an impairment by providing an impairment price in local currency and/or by providing an impairment foreign exchange rate (Local to Base FX Rate), and have the system calculate the adjustment amount for you.
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