Diminution in Value

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August 31, 2024 4 min read Definitions
Temporary Diminution in Value: An Overview
Finance Accounting Asset Valuation Historical-Cost Accounting Temporary Value Fluctuation Diminution in Value Financial Reporting
A fall in the value of an asset that is only expected to be for the short term. Under historical-cost accounting no adjustments are made for temporary diminutions (unless they become permanent).
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