Question
Alomar Co., a consolidated enterprise, conducted an impairment review for each reporting unit. In its qualitative assessment, one reporting unit, Sellers, emerged as a candidate
Alomar Co., a consolidated enterprise, conducted an impairment review for each reporting unit. In its qualitative assessment, one reporting unit, Sellers, emerged as a candidate for possible goodwill impairment. Sellers have recognized net assets of $1,366, including goodwill of $915. A sellers fair value is assessed at $1,181 and includes two internally developed unrecognized intangible assets (a patent and a customer list with appropriate values of $222 and $115, respectively). The following table summarizes current financial information for the Seller reporting unit:
Sellers Reporting Unit | Carrying Amt | Fair Value | |
Tangible Assets, net | 114 | 160 | |
Recognize intangible assets, net | 337 | 387 | |
Goodwill | 915 | ? | |
Unrecognized intangible assets | 0 | 337 |
Determine the amount of any goodwill impairment for Alomars Sellers reporting unit.
After recognition of any goodwill impairment loss, what are the reported book values for the following assets of Alomars reporting unit Sellers?
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