Accounting Standards Codification (“ASC”) Topic 350 and Topic 360 and International Accounting Standard (“IAS”) 36 require that the book value of certain tangible and intangible assets, including goodwill, be tested for impairment. These tests are required to be performed annually or upon a triggering event. For more information, please see the link below which outlines the definition of impairment and the requirements for testing under ASC Topics 350 and 360.
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Oracle Capital performs valuations for impairment testing of goodwill, tangible, and intangible assets and others.