goodwill has been impaired at reporting date and according to the question goodwill should be calculated at acquisition date should we account for the goodwill impairment please?
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Goodwill
2y ago#1Yes, the impairment reduces the value of the goodwill at the reporting date. The other side of the entry all depends on how we value the NCI. When using the FV method then we reduce NCI and GRE by their respective ownership shares.
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