Goodwill

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October 9, 2023 at 7:29 am #692943
tit1112
Participant
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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?
October 11, 2023 at 5:12 pm #693047
P2-D2
Keymaster
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Yes, 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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