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1: (12 points): A1, B1, D3: The following question contains two parts, you need to answer both parts: Part A: (6 points): A1, B1, D3:
1: (12 points): A1, B1, D3: The following question contains two parts, you need to answer both parts: Part A: (6 points): A1, B1, D3: The following information pertains to Right Move Ple at the end of 2021: 70,000 Inventories Property, plant, and equipment, net 500,000 Investments 360,000 Goodwill 100,000 Bonds 400,000 Net assets: 630,000 Additional information: - Management has received an offer to purchase the division for $600,000. -All identifiable assets and liabilities' book and fair value amounts are the same. Instruction: 1- Prepare the journal entry to record the impairment at the end of 2021. (3 Points) 2- Is there a need to prepare an entry to amortize the goodwill at the end of the year? explain. (3 Points)
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