After an impairment loss is recorded for goodwill, the recoverable amount becomes the basis for the impaired asset and is used to calculate amortization in future periods.

Question

Quizplus · Accepted Answer

Goodwill impairment losses are not amortized in future periods. Once an impairment loss is recorded, the carrying amount of goodwill is reduced and cannot be increased again in future periods.

After an Impairment Loss Is Recorded for Goodwill, the Recoverable