DW8 Growth, page-12918

They do seem to understand what intangible assets are, what they are saying is that the asset should be 'written down' to zero.

Id say the intangible asset listed on the books is the price we 'over paid' for, mostly, Kaddy.

In order for the intangible assets to be book valued at zero, Kaddy would have to be valued at zero during a impariment test, which i believe are annual (?), and it would be regulation that the asset be devalued on the books.

Considering we hold a large goodwill on the books, I'd say kaddy is either still valued at the acquisition price, and a impairment test is due by EOFY(?)
or weve done a impairment test already and it was deemed worth the same or more.

Either way, the Reddit poster is fear mongering because Kaddy is likely worth more than zero.

If he was a legit CPA and concerned for the public hed be asking for a impairment test rather than stating it is 'legit worth zero'.