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Heads Up — FASB proposes amendments to guidance on impairment testing of indefinite-lived intangible assets
25 Jan 2012
This issue of Heads Up discusses the FASB’s newly issued proposed Accounting Standards Update (ASU) Testing Indefinite-Lived Intangible Assets for Impairment. Under the proposed ASU, an entity testing indefinite-lived intangible assets for impairment would have the option of performing a qualitative assessment to determine whether it is more likely than not that the asset is impaired.
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