Goodwill acquired in a business combination should be tested for impairment once a year.

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Goodwill acquired in a business combination should be tested for impairment at least once a year, and more frequently if events or changes in circumstances indicate that the fair value of the reporting unit may be below its carrying amount. This requirement is outlined in Accounting Standards Codification (ASC) 350-20-35-3.

Goodwill Acquired in a Business Combination Should Be Tested for Impairment