Question
Alomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative assessment, one particular reporting unit, Sellers, emerged
Alomar Co., a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative assessment, one particular reporting unit, Sellers, emerged as a candidate for possible goodwill impairment. Sellers has recognized net assets of $1,124, including goodwill of $610. Sellers fair value is assessed at $1,038 and includes two internally developed unrecognized intangible assets (a patent and a customer list with fair values of $236 and $82, respectively). The following table summarizes current financial information for the Sellers reporting unit:
Carrying Amt's Fair Value
Tangible assets, net | $ | 196 | $ | 234 |
Recognized intangible assets, net | 318 | 351 | ||
Goodwill | 610 | ? | ||
Unrecognized intangible assets | 0 | 318 | ||
Total | $ | 1,124 | $ | 1,038 |
a. | Determine the amount of any goodwill impairment for Alomars Sellers reporting unit.
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