Question At the beginning of Year 2, ABC Company had $100,000 of Goodwill on its Balance Sheet. During Year 2, ABC determined that the value Goodwill had been permanently reduced by $25,000. The journal entry to record this reduction would debit: Depreciation Expense $25,000 O Amortization Expense $25,000 O Impairment Loss $25,000 Depletion Expense $25,000 Previous Next No new data to save. Last checked at 7:43pm Submi