Benefit of Goodwill Impairment?

CFA Level II FRA
#1

I just finisehd studying Goodwill Impairment part when doing FS Consolidation.

I remember seeing a news earlier last week that US Companies GW Impairment loss is increasing in the last years.

This got me thinking what are the benefits of impairing goodwill other than using it as big bath or perhaps tax benenfits? (due to decrease in I/S?)

#2

I’m not sure that companies get any tax benefits, as it’s probably not considered a realized loss.

#3

thought Goodwill Impairment loss is reflected in the i/s after the 2step testing of Reporting Units

#4

It is.

That doesn’t mean that it can be shown as a loss for taxes.