When to test goodwill and indefinite-lived intangible assets for impairment
Resources
AICPA logo
Cart
searchSearch
search
burger
AICPA logo
  • Home
abstract purple blue background
Resources

When to test goodwill and indefinite-lived intangible assets for impairment

1 year ago · 5 min read

FREE ACCOUNT

ACCESS

Among the many consequences of COVID-19, impacts such as business and production disruptions, supply-chain interruptions, negative impacts on customers, volatility in the equity and debt markets, reduced revenue and cash flows, and other economic consequences may occur. The entities whose operations are negatively affected by COVID-19 may need to consider testing their assets for impairment.

Goodwill[1]

Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 350-20 provides guidance on accounting and reporting for goodwill and requires that goodwill be

Reserved for AICPA.org registered users

Log in with your AICPA.org account to gain access to exclusive content

 
Forgot email?
Forgot password?

New to AICPA.org?

Welcome to your home for career success

Register

Related content