After assessing qualitative factors to determine whether it is necessary to perform the quantitative impairment test for indefinite-life intangibles, the firm will proceed with determining fair value if impairment is deemed reasonably possible.
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Q17: All intangibles are subject to periodic consideration
Q52: How do the standards specifying when to
Q53: What is the nature of the recoverability
Q54: Devo Co. has an indefinite-life intangible asset
Q55: U.S. GAAP requires that firms combine indefinite-life
Q58: For which of the following does U.S.
Q59: A loss on impairment of an indefinite-life
Q60: Determining the amount of goodwill impairment is
Q61: An impairment loss for goodwill is calculated
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