Question
Based on IAS 36 impairment in value of assets , impairment losses recognized for goodwill cannot be recovered in subsequent periods. Based on the Entity
Based on IAS 36 impairment in value of assets , impairment losses recognized for goodwill cannot be recovered in subsequent periods. Based on the Entity Q's financial position report as of December 31, 2014, the carrying amount of goodwill was $10.000.000. In the interim financial statements as of June 30, 2015, the carrying value of goodwill has decreased to $9.500.000. Entity Q is preparing a statement of financial position at the end of December 31, 2015 and based on the evaluation results of impairment of goodwill shows that there was a recovery in value of goodwill to $ 9.900.000. In your opinion, what is the carrying amount of goodwill that must be presented on the Entity Q's financial position report as of December 31, 2015?
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