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Fair Value Less Costs of Disposal

A type of net recoverable amount where the value of an asset is defined as the difference between its fair...

FVLCD

It stands for fair value less costs of disposal; it is a type of net recoverable amount where the value...

Impairment

The loss in value that occurs when the book value or carrying value of an asset (or a cash-generating unit)...

Impairment Loss

The loss in value that results from impairment. More specifically, it is the amount by which the carrying amount (book...

Tax Goodwill

A goodwill that is tax-deductible (in an asset purchase): a purchaser of a target company usually receives a tax benefit...

Goodwill Impairment Testing

An impairment testing for goodwill with indefinite useful life. This testing is typically carried out on an annual basis, by...

Goodwill Amortization

The systematic process of gradually reducing the amount of a goodwill asset by recording a periodic amortization charge. In accounting...

Financial Reporting Goodwill

A goodwill whose value is derived from financial statements and for financial reporting purposes. More specifically, the meaning of goodwill...

Tax-Deductible Goodwill

A goodwill whose accounting is carried out on a tax basis. In acquisition accounting, goodwill amortization, in some jurisdictions, is...

Goodwill

An asset (intangible asset) whose value is reflected in the amount by which the assets of an entity exceed their...