not use ai please In its current-year assessment of goodwill, Pelota provides the following individual asset and liability carrying amounts for each of itsreporting units:Tangible assetsTrademarkComputer softwareUnpatented technologyLicensesCopyrightsGoodwillLiabilitiesPage 138Carrying AmountsR-oneR-twoR-three$180,000$200,000$140,000170,00090,000170,00090,00050,000120,000(30,000)150,00090,000The total fair values for each reporting unit (including goodwill) are $510,000 for R-one, $580,000 for R-two, and $560,000 for R-three.To date, Pelota has reported no goodwill impairments.

Step 1:How much goodwill impairment should Purchase report this year for each of its reporting…

Answered: In its current-year assessment of…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 4C

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please dont provide answer in image format thank you Purchase Company recently acquired several businesses and recognized goodwill in each acquisition. Purchase has allocated the resulting goodwill to its three reporting units: RU-1, RU-2, and RU-3. Purchase opts to skip the qualitative assessment and therefore performs a quantitative goodwill impairment review annually. In its current-year assessment of goodwill, Purchase provides the following individual asset and liability carrying amounts for each of its reporting units: Carrying Amounts RU-1 RU-2 RU-3 Tangible assets $218,000 $220,000 $180,750 Trademark 210,000 Customer list 124,500 Unpatented technology 233,000 Licenses 103,500 Copyrights 55,500 Goodwill 188,300 245,550 135,500 Liabilities (35,750) The total fair values for each reporting unit (including goodwill) are $675,150 for RU-1, $769,050 for RU-2, and $757,750 for RU-3. To date, Purchase has reported no…
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In the light of MFRS138 Intangible Asset, briefly explain how each of the above transaction should be accounted for in the financial statements of PJM Bhd for the year ended 31 December 2017. Discuss the recognition criteria for intangible assets contained in MFRS138. (a) (b)

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