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Goodwill Impairment Bruceton Farms Equipment Company had goodwill valued at $144 million on its balance sheet at year-end. A review of the goodwill by the
Goodwill Impairment Bruceton Farms Equipment Company had goodwill valued at $144 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 $90 million. What is the financial statement effect of the goodwill impairment? (Enter the amount of the change, using negative numbers when appropriate.)
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