Please choose the correct ending to complete the given sentence: Finance and Business: [header] How to calculate asset impairments [title] Learn the definition. [step] Asset impairment occurs when the fair market value of a fixed asset falls below the carrying value of the asset and the carrying value is not recoverable. It can happen to property, equipment, vehicles or other fixed assets.

Ending1: This is often defined as a failure to buy, repair or disassemble a car, for example. The result of impairment may be fluctuations in value before an asset reaches the appropriate carrying value. Ending2: Corporations, such as the united states postal service, are therefore subject to irs tax deductions. The irs rules will include a number of examples. Ending3: [substeps] This definition can refer to the normal growth or loss of an asset such as a piece of furniture or a car. But in our example example, the carrying value may fall below the carrying value of a used car. Ending4: This decline in value, or impairment, may result from several causes, including damage, obsolescence due to advances in technology or changes in the legal code. It may also result from a decrease in the expected cash flow the equipment will bring to the business.

Answer format: ending1/ending2/ending3/ending4