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Goodwill+Impairment+Testing

Goodwill+Impairment+Testing - • Impairment loss = book...

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Goodwill Impairment Testing Step 1—FV of reporting unit compared to carrying amount of reporting unit If FV ≥ carrying amount, no additional testing required (not impaired) Step 2—if FV of reporting unit < carrying amount, goodwill is impaired
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Unformatted text preview: • Impairment loss = book value of goodwill – implied value of goodwill • Implied value of goodwill = FV of reporting unit—FV of net assets of reporting unit excluding goodwill...
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