ASC 350 Goodwill Valuation in Chicago
Intangible Asset Impairment Testing
As with anything in business, there are always rules, requirements, and
regulations which you must follow. This is especially true when it comes
to financial transactions. Goodwill and other intangible assets are typically
analyzed annually for impairment, in accordance with ASC 350. There are
certain procedures which are set, and rules that must be complied with.
You may need the assistance from an experienced
business valuation expert in Chicago, and throughout the U.S., to guide you through this complex valuation process.
Call Gibraltar Business Valuations
at (312) 883-8850 for more information from our Chicago professionals.
For assistance in Utah, call (801) 466-5410, or (520) 512-5410.
Is Impairment Testing Required?
Our team of professionals at
Gibraltar Business Valuations can assist you in understanding the way that impairment testing works
and ensure that you are in full compliance. In some cases, you will only
be required to undergo brief analysis, known as a qualitative assessment,
once a year; however, there are some cases where you may need to have
your assets tested more frequently.
There are a few case where your intangible assets may be required to undergo testing:
- The loss of key personnel in your company
- Unanticipated competition for your business
- An adverse assessment or action by a regulator
- A significant change in the business climate
Treatment of Goodwill & Intangibles
There are many different factors involved in impairment testing, all of
which can be handled by our professional, experienced team at Gibraltar
Business Valuations. With more than 20 years of experience and insight
under our belts, you can rely on us to meet your varying needs when it
comes to goodwill valuation and intangible asset impairment testing.
With three offices around the country, in Illinois and Utah, we hope to
offer you the convenience and comfort of working with a well-established,
respected company. We are known for our expansive knowledge in the field
and have earned the respect of our colleagues in the industry. Most importantly,
Gibraltar Business Valuations has built lasting relationships with our clients.
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