5. 6. 7. How do you determine if a fixed asset has been impaired? How do you determine if an intangible asset has been impaired? If your equipment is impaired, what will that do to the depreciation for the remaining life of your equipment? Your company has $147,000 of Goodwill on your books. How did you obtain it? 8. 5. 6. 7. How do you determine if a fixed asset has been impaired? How do you determine if an intangible asset has been impaired? If your equipment is impaired, what will that do to the depreciation for the remaining life of your equipment? Your company has $147,000 of Goodwill on your books. How did you obtain it? 8