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Unformatted text preview: ** Recall that step 1 of the cost recovery model is not used for indefinite-life intangible assets and thus step 2 is immediately applied. *** Recall that any impairment loss is first absorbed by goodwill and thus it is solely the goodwill that is initially being revaluated....
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This note was uploaded on 08/02/2011 for the course ACCT 352 taught by Professor Freeman during the Summer '11 term at Windsor.
- Summer '11