- 40 At December 31, 2021 the carrying value of Goodwill in the accounts of Y Ltd. is $1,500,000. The recoverable amount is estimated to be $1,200,000 at the same date. Which of the following statements is true for 2021? ols Select one: O a. There is a gain on non-impairment of $300,000 b. There is an impairment loss of $300,000 O c. There is an impairment loss of $1,500,000 Od. There is no joumal entry to be made