Total goodwill impairment charges continued to fall sharply across a number of industries throughout 2010, and the number of companies recording goodwill impairment charges dropped by 41 percent, according to a new study by KPMG. What Is Goodwill? Goodwill is a residual intangible asset that arises from business acquisitions where the amount paid for the company exceeds the fair value of the identifiable net assets of that company. According to FASB’s Accounting Standard Codification (ASC) topic 350, “Intangibles—Goodwill [...]
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