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Asked Oct 25, 2019

how do you determine when goodwill will be written off under the impairment rules

 

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Expert Answer

Step 1

Goodwill:

Goodwill is the good reputation developed by a company over years. This is recorded as an intangible asset, and is quantified when other company acquires. Goodwill should be recorded only when one company is acquired by another company. Goodwill value would be impaired, if t...

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