ASC 350 and 360: goodwill and impairment

Plain-English guides to goodwill and impairment under US GAAP, each with a worked example, and an impairment test model.

ASC 350 covers goodwill and intangibles; ASC 360 covers impairment of long-lived assets. 4 guides and 1 Excel model, all free.

Excel model

Each workbook comes filled in with a worked example, so you can see how it works before replacing the figures with your own. Cells to edit are marked.

Impairment test modelExcel downloadValue in use with a terminal value, the IAS 36 impairment test with goodwill allocated first, a sensitivity grid, and the US GAAP goodwill and ASC 360 tests.

4 guides

Goodwill and intangible assets under ASC 3503 minute readASC 350 explained: goodwill, finite-lived and indefinite-lived intangible assets, amortization, reporting units and impairment testing under US GAAP.
The goodwill impairment test under ASC 3503 minute readThe goodwill impairment test under ASC 350 explained: the qualitative assessment, the one-step quantitative test from ASU 2017-04, and a worked example.
The private company alternative for goodwill3 minute readThe private company goodwill alternative under US GAAP: amortizing goodwill over up to 10 years, triggering-event testing and related elections, with examples.
Impairment of long-lived assets under ASC 3603 minute readASC 360 impairment of long-lived assets explained: triggering events, asset groups, the undiscounted recoverability test, fair value and assets held for sale.

About these guides

The guides explain the standard in our own words, with our own examples, and point to the paragraphs they rely on. They are general information, not advice for your situation. Read them alongside the standard itself, and check when your regulator adopts it.