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Consolidated Patents
Patents owned by a parent company and its subsidiaries that are combined for reporting purposes on consolidated financial statements.
Goodwill Impairment
This occurs when there is evidence that the value of goodwill has declined permanently beyond its recoverable amount, necessitating a write-down in its book value.
Amortization
The process of reducing the cost of a tangible or intangible asset through systematic, periodic deductions over its useful life.
Fair Value
An estimate of the price at which an asset or liability could be traded in an orderly transaction between market participants at the measurement date.
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