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7 May, 16:13

G MC Qu. 87 When is a goodwill impairment loss ... When is a goodwill impairment loss recognized?

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  1. 7 May, 17:23
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    Goodwill impairment occurs when a company decides to pay more than book value for the acquisition of an asset.

    An impairment is recognized as a loss on the income statement and as a reduction in the goodwill account. The amount of the loss is the difference between the current fair market value of the asset and its carrying value or amount.
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