analyze the recording of goodwill and the annual calculation of goodwill impairment. You can provide a hypothetical example or use data from an existing publicly traded company. Respond to the following questions:
Define goodwill and how it is computed in a business combination
Define goodwill impairment. Explain why and how this is computed.
In addition, prepare a spreadsheet in Excel (using proper Excel formulas) that tests for impairment of goodwill.
