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goodwill
user-14908 - 06/14/2020, 4:54 pm

this solution is outdated as now only one step is used to calculate impairment loss on goodwill i.e. if carrying value including goodwill is more than fair value including good will then carrying value less fair value is recognized as impairment loss and goodwill is reduced by the specific amount .
hence , the explanation and the answer is wrong only one step approach is used now

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