The U.S. GAAP option to use a qualitative assessment for impairment testing applies to:

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The U.S. GAAP option to use a qualitative assessment for impairment testing applies specifically to indefinite life intangibles and goodwill, allowing companies to assess qualitative factors to determine if it is more likely than not that the fair value of an asset is less than its carrying amount before conducting a quantitative impairment test.

The US GAAP Option to Use a Qualitative Assessment for Impairment