To record amortization and adjust the asset's value, the accountant would debit amortization expense for $500 and credit the intangible asset for $500. Advertisement Article continues below this ad ...

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A dangling debit is a debit balance with no offsetting credit balance that would allow it to be written off. It occurs in financial accounting and reflects discrepancies in a company's balance ...

The accounting entry is a debit to the loss on intangible asset account and a credit to the intangible asset account. Once a company has recognized an impairment, it can't reverse it later on if ...

ADT Inc (ADT) disclosed in a filing on Monday that it identified errors in the non-cash goodwill impairment losses associated with its Solar unit and related tax impacts during Q3 of ...

Goodwill impairment, though commonly described as a non-cash charge, represents lost capital. Put to alternative use, it may have improved the company’s return on assets and shareholder value.

Excluding the impairment and other unusual charges, adjusted EPS was $0.81. We don’t anticipate making a material change to our $50 per-share fair value estimate for narrow-moat Truist Financial.