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19. George Corporation acquired Martin Plc on January 1, 2017 for $4,800,000, and recorded goodwill of $700,000 as a result of that purchase. At December

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19. George Corporation acquired Martin Plc on January 1, 2017 for $4,800,000, and recorded goodwill of $700,000 as a result of that purchase. At December 31, 2017, Martin Plc had a fair value of $3,500,000. The net identifiable assets of the Martin Plc (excluding goodwill) had a fair value of $3,200,000 at that time. What amount of loss on impairment of goodwill should Martin record in 2017

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