Impairment test

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June 6, 2017 at 5:01 pm #1566097

Von77
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Can someone please tell me why we should do an impairment test for an intangible assets with a “finite” live? Don’t we just amortize it?

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June 6, 2017 at 8:37 pm #1566172

Missy
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Because you don't want the carrying value (cost minus accumulated depreciation) to be more than it's worth at that point in time, which overstates your assets.

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