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One year after acquisition date, the goodwill acquired was regarded as having become impaired by...

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Accounting

One year after acquisition date, the goodwill acquired was regarded as having become impaired by $80 000. The appropriate consolidation adjustment in relation to the impairment will include the following line:

Select one:

DR Goodwill $80 000

CR Business combination valuation reserve $80 000

CR Impairment expense $80 000

CR Accumulated impairment losses $80 000

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