Appraisal Economics Inc. has conducted a goodwill impairment analysis for a leading manufacturer of synthetic building materials. The company produces decking, railing, and lighting innovations, bathroom partitions, and a variety of other synthetic building materials and products designed to replace wood, metal, and other traditional materials for commercial and residential applications. Appraisal Economics valued the business enterprise to assess whether the company’s goodwill was impaired under ASC 350. Once goodwill is placed on the balance sheet due to an acquisition it must be tested at least annually for impairment.
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