Goodwill Impairment Testing
Receive accurate and detailed analysis of goodwill and goodwill impairment.After a company purchases another, goodwill is assigned as an intangible asset, denoting the portion of the purchase price that is higher than the fair value of all assets minus any liabilities. When the carrying value of goodwill is larger than the current fair value of that goodwill, businesses must record a goodwill impairment charge. This is charged as an expense on a company’s income statement.
Goodwill Impairment Testing With Quist
Under generally accepted accounting principles (GAAP), companies must evaluate goodwill once per year to record any impairments. However, businesses also conduct testing when an acquired company is underperforming expectations. Whatever the reason, Quist has detailed knowledge of ASC 350 – Goodwill and Other, and can help businesses evaluate goodwill to determine any impairments.
Decades of Valuation Experience
Detailed Knowledge of ASC 350
Quick & Efficient Testing Process
39+
YEARS IN BUSINESS
10,000
VALUATIONS PROVIDED
25+