According to gaap you can adjust goodwill when

QUESTION 10 / 11 An asset is classified as goodwill on the balance sheet when a company purchases an asset at greater than fa

Answer

According to GAAP, you can adjust goodwill when goodwill is impaired.
Goodwill is not subject to annual amortization. Goodwill is tested for impairment periodically and decline in value of Goodwill is recognized as Impairment loss
Option E goodwill is impaired is correct

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