Goodwill Impairment Bruceton Farms Equipment Company had goodwill valued at $100 million 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 $62.5 million. Prepare a journal entry to record the goodwill impairment on the books of the company. General Journal Description Debit Credit (Goodwill Impairment loss