=+n January 1, 2005, StreetSmart Financial, Inc., purchased the assets of NIT Insurance Co. will impairment for
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=+n January 1, 2005, StreetSmart Financial, Inc., purchased the assets of NIT Insurance Co.
will impairment for $40,000,000, a price reflecting a $15,000,000 goodwill premium. On December 31,2008, StreetSmart determined that the goodwill from the NIT acquisition was impaired and had a value of only $9,000,000.
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