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 $900, including goodwill of $540. Sellers fair value is assessed at $853 and includes two internally developed unrecognized intangible assets (a patent and a customer list with fair values of $168 and $83, respectively). The following table summarizes current financial information for the Sellers reporting unit:
Carrying Amounts | Fair Values | |||
Tangible assets, net | $ | 109 | $ | 170 |
Recognized intangible assets, net | 251 | 323 | ||
Goodwill | 540 | ? | ||
Unrecognized intangible assets | 0 | 251 | ||
Total | $ | 900 | $ | 853 |
After recognition of any goodwill impairment loss, what are the reported book values for the following assets of Alomar's reporting unit Sellers? Goodwill - 109 ( I got this one) (540-190=431 which is impairment loss) Tangible assets, net - ? Patent - ? Customer list - ? |
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