What is the appropriate accounting treatment

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Reference no: EM132935838

During 2021, Simpson Limited estimated that the carrying amount of goodwill was impaired by $20 000. In 2022, the company reassessed goodwill and determined that the goodwill initially acquired still existed.

Problem 1: What is the appropriate accounting treatment in 2022? Explain.

Problem 2: What are some external indicators of impairment?

Problem 3: What are some internal indicators of impairment?

Problem 4: What is meant by recoverable amount?

Reference no: EM132935838

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