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 $1,366, including goodwill of $915. Sellers fair value is assessed at $1,181 and includes two internally developed unrecognized intangible assets (a patent and a customer list with fair values of $222 and $115, respectively). The following table summarizes current financial information for the Sellers reporting unit:
Carrying Amounts | Fair Values | ||||
Tangible assets, net | $ | 114 | $ | 160 | |
Recognized intangible assets, net | 337 | 387 | |||
Goodwill | 915 | ? | |||
Unrecognized intangible assets | 0 | 337 | |||
Total | $ | 1,366 | $ | 1,181 | |
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Determine the amount of any goodwill impairment for Alomars Sellers reporting unit.
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After recognition of any goodwill impairment loss, what are the reported carrying amounts for the following assets of Alomars reporting unit Sellers?
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