Goodwill impairment accounting is the process of reducing the recorded value of goodwill when it is worth less than its carrying amount on the balance sheet. Goodwill arises when a company acquires another business for more than the fair value of its identifiable net assets. If the acquired business underperforms, that premium may no longer be justified. Companies must test goodwill r... https://thealgebragroup.com/what-is-goodwill-impairment