Advanced Accounting
Advanced Accounting
14th Edition
ISBN: 9781260247824
Author: Joe Ben Hoyle, Thomas F. Schaefer, Timothy S. Doupnik
Publisher: RENT MCG
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Chapter 3, Problem 18P
To determine

Introduction: Goodwill is considered to have an indefinite life, that’s the reason the impairment approach is used rather than depreciation or amortization. The FASB says that although goodwill may decrease over a period of time it does not happen systematically this is the reason impairment is used instead of amortization.

The amount of goodwill impairment reported for this year for each reporting unit.

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