According to generally accepted accounting principles,if the fair value of goodwill decreases below book value,an impairment loss must be recorded.

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Goodwill is tested for impairment at least annually, or more frequently if events or changes in circumstances indicate that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If this is the case, an impairment loss must be recognized for the excess of the carrying amount of the reporting unit over its fair value, and this includes goodwill. Therefore, if the fair value of goodwill decreases below its book value, an impairment loss must be recorded.

According to Generally Accepted Accounting Principles,if the Fair Value of Goodwill