Amortization and Impairment Testing of Identifiable Intangible Assets During the year ended July 30, 2016, Cisco Systems, Inc. acquired the following identifiable intangible assets through its purchase of two companies (in thousands): Limited Lives Indefinite Lives Acquired Company Technology Useful life Customer Relationships IPR&D (in thousands) (in years) Amount Useful life (in years) Lancope, Inc 5 $79,000 6 Jasper Technologies, Inc 6 240,000 7 Amount $29,000 75,000 Amount $121,000 23,000 Cisco acquired Lancope, Inc. in December 2015, and Jasper Technologies, Inc. in March 2016. Cisco separately tests identifiable intangibles acquired from each company for impairment, and collects the following information to conduct impairment tests at the end of fiscal 2016 (in thousands): Technology Sum of expected Sum of expected Customer Relationships Sum of expected IPR&D Sum of expected Sum of expected Sum of expected Acquired Company (in thousands) Lancope, Inc Jasper Technologies, Inc $65,000 150,000 undiscounted discounted undiscounted discounted undiscounted discounted cash flows cash flows cash flows cash flows cash flows $70,000 $25,000 $20,000 $130,000 200,000 80,000 65,000 30,000 cash flows $105,000 26,000 Required a. Calculate amortization expense for the above identifiable intangibles for fiscal 2016. Intangibles are amortized on a straight-line basis starting in the month following acquisition. Round answers to the nearest whole number. Enter answers in thousands. Customer Acquired Company Technology Relationships Lancope, Inc. 9,217 $ 2,819 Jasper Technologies, Inc. 13,333 3,571 b. Calculate impairment losses for fiscal 2016. Round answers to the nearest whole number. Enter answers in thousands. Customer Acquired Company Technology Relationships IPR&D Lancope, Inc. S Jasper Technologies, Inc. 76,667 6,181 $ 16,000