In other words, different purchase dates and prices have given us vastly different asset values and amortization charges for two pieces of the same asset. (We repeat our usual disclaimer: we have no better accounting system to suggest. The problems to be dealt with are mind boggling and requi...
The IRS has an exception to its good condition rule if you deduct more that $500 in noncash contributions and can furnish an appraisal for the item. Ask your local Goodwill chapter for a Goodwill tax deduction guide, or see the organization's online guide, for a suggested range o...
However, this is not the same as high-quality disclosure, as judged from the perspective of a financial statement for users who expect clear and concise information about goodwill to enable assessment of the risk and the potential forfuture benefits generated by this questionable item of assets....
Thus, fundamental data – such as identification of cash generation units, goodwill allocations, projected cash flows or discount rates applied – does not have greater significance than other requirements of the standards for this item. In addition, as Carvalho et al. (2016a) indicate in their...