DOGENINJA2931 DOGENINJA2931

02-08-2019
Business

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The impairment rule for goodwill involves how many steps?(a)1(b)2(c)3(d)4

Respuesta :

Nyctalus Nyctalus

06-08-2019

Answer: 2 steps

Explanation: While calculating impairment of goodwill following steps should be taken :-

1.In the first step the fair value of the goodwill is compared with its carrying value.

2. In the second step, if the fair value comes to be lower than the carrying value, then it is concluded that there is an impairment and then it is computed accordingly.

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