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IMPAIRMENTUNLIMITED LIFE
INTANGIBLE ASSETS
uraccounted4accounting.com
I n t h i s s e c t i o n w e w i l l c o v e r :uraccounted4accounting.com
Annual Procedures
I n t h i s s e c t i o n w e w i l l c o v e r :
Annual ProceduresOther ThanGoodwill
uraccounted4accounting.com
I n t h i s s e c t i o n w e w i l l c o v e r :
Annual ProceduresOther ThanGoodwillGoodwill
uraccounted4accounting.com
https://www.youtube.com/watch?v=MxdVs_HpWM0
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Takes about 5 minutes.
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STILLUNLIMITED?
EXAMPLE
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LIMITEDRENEWALS
EXAMPLE
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LIMITEDLIFE
EXAMPLE
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AMORTIZE
IMPAIRMENT
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"More LikelyThan Not"
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ChangesIn The
Environment?
OTHER THAN GOODWILL
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EVALUATEANNUALLY -
TEST IFNECESSARY
GOODWILL
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EVALUATIONOPTIONAL
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CV > FV =
POSSIBLEIMPAIRMENT
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CASHA/RINVENTORYFIXED ASSETSA/PETC
F/ V
NOT GOODWILL
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IMPLIEDGOODWILL
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IMPAIRMENT
IMPLIED VALUE<
BOOK VALUE
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DR: Loss CR: Goodwill
R e c a p o f w h a t w e c o v e r e d :
Still unlimited?
uraccounted4accounting.com
R e c a p o f w h a t w e c o v e r e d :
Still unlimited?
Evaluate then test
uraccounted4accounting.com
R e c a p o f w h a t w e c o v e r e d :
Still unlimited?
Evaluate then testGoodwill - youmay go right to thetest
uraccounted4accounting.com
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