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Dear sir,
I do have watched your lectures on consolidation which are very helpful, but I still have some doubt about certain issues.Could you briefly explain in words what does impairment of goodwill mean?( You do have explained it in your lectures but I am still having some difficulty to understand the logic of it)
Thanks in advance.
Impairment of an asset (goodwill in particular) is the equivalent of depreciation of Property, Plant and Equipment or amortisation of a licence
The verb ‘to impair’ means literally ‘to weaken’ or ‘to damage’
OK?
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