Advance Airline acquired LowCost Airline in 2017 and has operated the acquired entity as a separate reporting unit since that time. The Company's annual impairment testing date is 12/31. The Company is analyzing impairment for the fiscal year ended 12/31/20.

The book value, also known as the carrying amount of the assets in the reporting unit, at the beginning and end of the year, prior to consideration of impairment, is listed below. Assume that acquired IPR&D was written off earlier in the year. Further assume that the carrying amount and fair value of total liabilities equals $200,000,000 as of 12/31/20.

The Company has hired an external specialist to provide an opinion regarding the fair value of the net assets of the reporting unit. The specialist has provided a fair value measurement for the net assets of the reporting unit of $300,000,000 as of 12/31/20.

Calculate the Company's impairment of goodwill (if any) for the year ended 12/31/20

DATE

1/01/20

12/31/20

TOTAL CURRENT ASSETS

106,000,000

104,000,000

TOTAL TANGIBLES

121,000,000

117,677,000

SUBTOTAL

227,000,000

221,677,000

Software

46,000,000

34,500,000

Technology

75,000,000

65,790,000

Acquired IPR&D

18,000,000

0

Trade Name

59,000,000

59,000,000

Customer Base

93,000,000

77,120,000

Noncompete Agreement

8,000,000

5,330,000

IDENTIFIED INTANGIBLES

299,000,000

241,740,000

GOODWILL

105,570,000

105,570,000

TOTAL ASSETS

$631,570,000

$568,987,000