Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik

Exercise 49

In 2009 Nike Corporation reported a large goodwill impairment loss. Referring to Nike's 2009 financial statements and applicable financial reporting standards, answer the following questions:
Certain other indefinite-lived intangibles and other long-lived assets (including intangible assets with a finite life) are also subject to impairment assessment. Did Nike incur any of these impairment charges in 2009 Explain briefly when and how Nike tests these assets for impairment.