There are differences between the IFRS and GAAP (after FASB issued ASU 2020-04 to simplify the accounting for goodwill impairment) regarding the following:

- Assignment/allocation of goodwill. (i.e., The levels at which goodwill is assigned /allocated)

- Impairment of goodwill and test(s) applied and its steps (i.e., Methods of determining impairment of goodwill)

- How impairment loss is recognized and allocated. (i.e., impairment loss[charge] calculation and allocation)

- Amortization and impairment of intangible assets other than goodwill Discuss the accounting treatment of the preceding points under IFRS only. (Comparison is not required)

- Write your answer in the space provided in the following table