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Take the same goodwill impairment example as in question 1, but assume the intangible asset...

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Accounting

Take the same goodwill impairment example as in question 1, but assume the intangible asset is a series of patents and the analyst suspects that half of the patents are valueless because of new technology. Reference: Q1 - The asset (goodwill) impairment example, earlier in this chapter, assumes the analyst makes a $100 impairment adjustment in 2017 and the firm makes a $150 impairment adjustment in 2019. Show the impact of the adjustments if the analyst made an additional $50 impairment adjustment in 2018

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