impairment lossForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › impairment lossThis topic has 1 reply, 2 voices, and was last updated 3 years ago by P2-D2.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts April 29, 2021 at 11:02 pm #619234 thapa7ParticipantTopics: 5Replies: 6☆sir, if the question says goodwill has been impaired by 2million , we need to credit goodwill by 2million right? but in bpp practise book question number 309 (a) , they havent credited goodwill for impairment loss ? why is that ? May 1, 2021 at 12:55 pm #619367 P2-D2KeymasterTopics: 4Replies: 7060☆☆☆☆☆Hi,Yes, an impairment is the reduction in the value of the goodwill asset. A credit entry is therefore required to reduce the goodwill be the 2 million.ThanksAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In