Goodwill

Goodwill

by CLAUDINE UWIMANA -
Number of replies: 1

How can be calculated impairment loss

In reply to CLAUDINE UWIMANA

Re: Goodwill

by ROSINE NIYONKURU -
A loss on impairment is recognized as a debit to Loss on Impairment (the difference between the new fair market value and current book value of the asset) and a credit to the asset. The loss will reduce income in the income statement and reduce total assets on the balance sheet.
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