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Goodwill Impairment Bruceton Farms Equipment Company had goodwill valued at $40 milion on its balance sheet at year-end. A review of the goodwill by
Goodwill Impairment Bruceton Farms Equipment Company had goodwill valued at $40 milion on its balance sheet at year-end. A review of the goodwill by the company's CFO indicated that the goodwill was impaired and was now only worth $25 million. Prepare a journal entry to record the goodwill impairment on the books of the company. Check General Journal Description Debit Credit
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