Impairment of Goodwill and Indefinite-Life Intangible Assets
Annual Impairment Testing
Unlike finite-life intangible assets, goodwill and other indefinite-life intangible assets are not amortized. Instead, they are tested periodically, at least annually or whenever triggering events occur, to determine whether impairment exists.
Summary
Goodwill and indefinite-life intangible assets are evaluated through periodic impairment testing rather than amortization.