In periods subsequent to a goodwill impairment write-down, the goodwill may not 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 not be written back up up to the goodwill's initially recorded amount if the goodwill has recovered in value.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Goodwill impairment losses recognized cannot be reversed in subsequent periods, even if the value of the goodwill recovers.

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