The goodwill impairment test does not involve elimination of all goodwill as a consequence.

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The goodwill impairment test evaluates whether the carrying value of goodwill on the balance sheet is impaired, but it does not necessarily result in the elimination of all goodwill. If the carrying value of goodwill exceeds its implied fair value, the excess amount is written off as an impairment charge, but any remaining goodwill is still recorded on the company's balance sheet.

The Goodwill Impairment Test Does Not Involve Elimination of All