Business Finance
goodwill be adjusted for impairment, accounting homework help

Question Description

client x has contacted you for clarification and recommendations regarding in which instances should goodwill be adjusted for impairment

Final Answer

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Running head: GOODWILL

1

Adjusting a Goodwill for Impairment
Name
Institution
Date

GOODWILL

2
Adjusting a Goodwill for Impairment

My advice to client X would be that IFRS’ IASB have different views from FASB
regarding how they treat Goodwill. If the client is following the U.S FASB ASC, the use of
amortization to a maximum of forty years for goodwill was allowed under the APB Opinion N...

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