Impairment Testing (ASC 350/360)

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Silverpine Group is well versed in the intricacies of impairment testing for goodwill and long-lived intangible assets.

ASC 350 specifically deals with intangible assets, including goodwill, which typically arise from business combinations (such as mergers and acquisitions under ASC 805). Silverpine Group assists companies in the testing of goodwill for impairment. While ASU 2017-04 provided simplification of the goodwill impairment testing process, adequate analysis must still be performed to substantiate the carrying value of goodwill. Silverpine Group can assist your firm in performing the necessary qualitative (often called “Step 0”) and quantitative processes to assess whether goodwill impairment has occurred.

Silverpine Group also can assist your firm with impairment assessments relating to other long-lived intangible assets under ASC 360. Our background in numerous intangible assets such as patents, customer contracts, vendor agreements, technology use agreements, royalty contracts, and more allow us to carefully separate and analyze the value attributable to such intangibles for purposes of identifying and measuring impairment.

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Contact Silverpine Group and let us help you determine the value of your business or business interest.

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