Shi Ltd determines that its goodwill is impaired It finds that its recoverable amount is HK$3,600,000 and its recorded goodwill is HK$4,000,000 The fair value of its identifiable assets is HK$14,500,000 What is the amount of goodwill impaired ...

The amount of goodwill impaired ...

Shi Ltd. determines that its goodwill is impaired. It finds that its recoverable amount is HK$3,600,000 and

Question:

Shi Ltd. determines that its is impaired. It finds that its recoverable amount is HK$3,600,000 and its recorded is HK$4,000,000. The fair value of its identifiable assets is HK$14,500,000. What is the amount of impaired?
Goodwill
Goodwill is an important concept and terminology in accounting which means good reputation. The word goodwill is used at various places in accounting but it is recognized only at the time of a business combination. There are generally two types of...