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Chapter 3 — Goodwill Accounting Alternatives for Private Companies and NFPs

3.4 Recognition and Measurement of an Impairment Loss

3.4 Recognition and Measurement of an Impairment Loss

The flowchart below (reproduced from ASC 350-20-55-26) outlines the steps a private entity or NFP that has elected the accounting alternative to amortize goodwill should follow in performing the goodwill impairment test.