Determine whether there is any goodwill impairment and if so please calculate the goodwill impairment loss. On the date of acquisition, the following information is available: Fair Value of the reporting unit is $720,000 Fair Value of identifiable net assets $601,000 Goodwill $119,000 One year later at the first periodic review date the following information is available: Fair value of the reporting unit is $788,000 Carrying value of the reporting unit (includes goodwill) $889,000 Fair Value of identifiable net assets $766,000 $22,000
Determine whether there is any
On the date of acquisition, the following information is available:
Fair Value of the reporting unit is $720,000
Fair Value of identifiable net assets $601,000
Goodwill $119,000
One year later at the first periodic review date the following information is available:
Fair value of the reporting unit is $788,000
Carrying value of the reporting unit (includes goodwill) $889,000
Fair Value of identifiable net assets $766,000
$22,000
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