omar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative assessment, one particular reporting unit, Sellers, emerged as a candidate for possible goodwill impairment. Sellers had recognized net assets with carrying amounts totaling $1,094, including goodwill of $755. Seller’s reporting unit fair value is assessed at $1,028 and includes two internally developed unrecognized intangible assets (a patent and a customer list with fair values of $199 and $56, respectively). The following table summarizes current financial information for the Sellers reporting unit: Carrying Amounts Fair Values Tangible assets, net $ 84 $137 Recognized intangible assets, net 255 326 Goodwill 755 ? Unrecognized intangible assets –0– 255 Determine the amount of any goodwill impairment for Alomar’s Sellers reporting unit
lomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative assessment, one particular reporting unit, Sellers, emerged as a candidate for possible
|
|
Carrying Amounts |
Fair Values |
|---|---|---|
|
Tangible assets, net |
$ 84 |
$137 |
|
Recognized intangible assets, net |
255 |
326 |
|
Goodwill |
755 |
? |
|
Unrecognized intangible assets |
–0– |
255 |
-
Determine the amount of any goodwill impairment for Alomar’s Sellers reporting unit.
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