According to Generally Accepted Accounting Principles,if the fair value of goodwill decreases below its book value,an impairment loss must be recorded.

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Generally Accepted Accounting Principles (GAAP) require that if the fair value of goodwill decreases below its book value, an impairment loss must be recorded. This is because GAAP requires that the value of assets on a company's balance sheet are reported at their fair value, which is the amount that they could reasonably be sold for in the market. If the fair value of goodwill decreases due to changes in market conditions or other events, then the book value of goodwill must be adjusted downwards, and an impairment loss must be recorded on the income statement to reflect this decrease in value.

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