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Goodwill

This topic has 3 replies, 2 voices, and was last updated 13 years ago by MikeLittle.

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December 4, 2010 at 11:38 am #46597
aivynn
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why some cases impairment of goodwill will be brought bring into Subsi’ Net Asset when computing Goodwill & some not.
PYQ Dec07 (Plateau) vs Jun08 (Patronic)
December 5, 2010 at 9:38 pm #72545
MikeLittle
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Sorry, but I simply do not understand “impairment of goodwill will be brought bring into Subsi’ Net Asset when computing Goodwill”
December 8, 2010 at 2:04 pm #72546
aivynn
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Dec07 (Plateau) Answer 1(a) (ii)Goodwill Carrying Amount is 3.6m after impairment of 900k.
however in Jun08 (Patronic) Answer 1(a) Goodwill is $27m without deducting impairment of 2m (as in question 1 iv.)
Hope above are clear & may be I have missed out some point in the question. Thank you.
December 8, 2010 at 2:10 pm #72547
MikeLittle
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According to my rev kit, there is NO impairment in Plateau goodwill – see note (iv) in the question.
In Patronis the question specifically asks “Calculate the goodwill arising on the acquisition of Sardonic at 1 August, 2007“
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