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Goodwill
An intangible asset that arises when a buyer acquires an existing business and pays more than the fair value of net identifiable assets.
Accumulated Impairment Losses
The total sum of impairment losses that a company has recognized on its assets up to a specific date, reflecting a decrease in the future economic benefits or potential service they can provide.
Regulatory Basis
A set of rules or principles established by government agencies or regulatory bodies that entities must follow.
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