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 as
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 $1,428, including goodwill of $925. Seller's fair value is assessed at $1,235 and includes two internally developed unrecognized intangible assets (a patent and a customer list with fair values of $283 and $74, respectively). The following table summarizes current financial information for the Sellers reporting unit:
Carrying
AmountsFair
ValuesTangible assets, net$146$204Recognized intangible assets, net357411Goodwill925?Unrecognized intangible assets0357Total$1,428$1,235
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