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Asked Jan 10, 2020
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What is goodwill? Is goodwill amortized? What happens if the value of goodwill has decreased at the end of the year?

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Expert Answer

Step 1

Impairment of goodwill:

When the historical value of the goodwill is less than the fair market value of goodwill, it is considered as reduction in the value of goodwill which is...

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