In periods subsequent to a goodwill impairment write-down, the goodwill may be written back up up to the goodwill's initially recorded amount if the goodwill has recovered in value.

Name: In periods subsequent to a goodwill impairment write-down, the goodwill may be written back up up to the goodwill's initially recorded amount if the goodwill has recovered in value.
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Question

Quizplus · Accepted Answer

Goodwill, once impaired, cannot be written back up in subsequent periods under U.S. GAAP and IFRS, even if its value recovers.

In Periods Subsequent to a Goodwill Impairment Write-Down, the Goodwill