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

User Tyr
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Answer:

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.

Step-by-step explanation:

User ChrisR
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