What are the eight impairment provisions What are the four impairment provisions?

Impairment provision means that the book balance of an asset exceeds its recoverable amount, and whether the asset is impaired should be judged based on certain indications that the asset may have been impaired, and if any of these indications exist, the enterprise should make a formal estimate of its recoverable amount.

Eight impairment provisions for assets.

The Accounting System for Business Enterprises stipulates that eight impairment provisions are made for assets, which are:

1.provision for bad debts on accounts receivable and other receivables and other receivables;

2.Provision for short-term investment decline in **, bonds and other short-term investments;

3.provision for impairment of long-term investments such as long-term equity investments and long-term debt investments;

4.Provision for inventory decline in raw materials, packaging, low-value consumables, inventory commodities and other inventories;

5.provision for impairment of fixed assets such as buildings, machinery and equipment;

6.Provision for impairment of intangible assets such as patents and trademarks;

7.provision for impairment of construction in progress;

8.Provision for impairment of entrusted loans for entrusted loans;

In addition to monetary funds, notes receivable, trading financial assets, prepaid accounts, long-term amortized expenses, etc., corresponding impairment provisions have been made.

1 Provision for bad debts Estimated amount of bad debt losses Included in administrative expenses.

2 Provision for decline in value of inventories Costs and net realizable value are included in administrative expenses.

3 Provision for short-term investment decline Cost and market value Included in investment income.

4 Provision for impairment of long-term investments Book value and recoverable amount Included in investment income.

5 Provision for impairment of entrusted loans Principal and recoverable amount Included in investment income.

6 Provision for impairment of fixed assets Book value and recoverable amount Included in non-operating expenses.

7 Provision for impairment of construction in progress Book value and recoverable amount Included in non-operating expenses.

8 Provision for impairment of intangible assets Book value and recoverable amount Included in non-operating expenses.

Impairment of fixed assets.

Impairment of intangible assets.

Impairment of long-term investments.

Impairment of accounts receivable.

It should be eight.

The Accounting System for Business Enterprises stipulates that eight impairment provisions are made for assets, which are: 1provision for bad debts in receivables such as accounts receivable and other receivables; 2.

Provision for short-term investment decline in **, bonds and other short-term investments; 3.provision for impairment of long-term investments such as long-term equity investments and long-term debt investments; 4.Provision for inventory decline in raw materials, packaging, low-value consumables, inventory commodities and other inventories; 5.

provision for impairment of fixed assets such as buildings, machinery and equipment; 6.Provision for impairment of intangible assets such as patents and trademarks; 7.provision for impairment of construction in progress; 8.

Provision for impairment of entrusted loans for entrusted loans;

Accounts receivable, short-term investments, inventories, and long-term investments.

There are eight impairment provisions: bad debt provisions, short-term investment impairment provisions, inventory decline provisions, long-term investment impairment provisions, fixed assets impairment provisions, intangible assets impairment provisions, construction in progress impairment provisions, and entrusted loan impairment provisions.

1 Provision for bad debts Estimated amount of bad debt losses Included in administrative expenses2 Provision for decline in value of inventories Cost and net realizable value Included in management expenses3 Provision for decline in value of short-term investments Cost and market value Included in investment income4 Provision for impairment of long-term investments Book value and recoverable amount Included in investment income5 Provision for impairment of entrusted loans Principal and recoverable amount Included in investment income6 Provision for impairment of fixed assets Book value and recoverable amount Included in non-operating expenses7 Provision for impairment of construction in progress Book value and recoverable amount Included in non-operating expenses8 Provision for impairment of intangible assets Book value and recoverable amount Included in non-operating expenses.