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Goodwill impared?

A-VicA-Vic Expertise GuaranteedRegistered Posts: 6,970
Sorry prob a daft question but when it states goodwill has been impaired by 20% do you deduct the percentage from goodwill? Couldnt find anything in my book for it?

Many thanks in advance


Vic

Comments

  • Steve CollingsSteve Collings Experienced Mentor Registered Posts: 997
    Hi A Vic,

    Yes you do with the debit going to retained earnings.

    Regards

    Steve
  • A-VicA-Vic Expertise Guaranteed Registered Posts: 6,970
    Great thanks :)
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