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Assume at the end of the year management believed the

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Goodwill of $200,000 was recorded as a result of an acquisition of a company in a previous year.

A. Assume at the end of the year, management believed the Goodwill may have been impaired and estimated its fair value at $180,000. How would the company recognize this event?

B. How often does the company have to test for impairment?

Reference no: EM13598369

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