Running asset impairment

  1. Select an impairment asset.
  2. Click Impair.
  3. Specify this information:
    Description
    Specify the description of this impairment. This is a required field.
    Impairment Date
    Specify the date of the impairment.
    Posting Date
    Specify the posting date of the impairment.
    Attachment
    Select the file or files to be attached to this impairment.
  4. Click Submit.
    Note:  If the Approval Required option has been enabled at the company level, the Submit for Approval option will be available instead of Release on the asset.

    Resetting is still available until you select Submit For Approval. To verify submitted assets for approval, navigate to Assets > Waiting For Approval.