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 $1,542, including goodwill of $935. Sellers fair value is assessed at $1,392 and includes two internally developed unrecognized intangible assets (a patent and a customer list with fair values of $309 and $143, respectively). The following table summarizes current financial information for the Sellers reporting unit: |
Carrying Amounts | Fair Values | |||
Tangible assets, net | $ | 155 | $ | 190 |
Recognized intangible assets, net | 452 | 510 | ||
Goodwill | 935 | ? | ||
Unrecognized intangible assets | 0 | 452 | ||
Total | $ | 1,542 | $ | 1,392 |
a. | Determine the amount of any goodwill impairment for Alomars Sellers reporting unit.
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