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An appraisal, agreed to by the parties, indicated that the fair market value of the inventory was $320,000 and that the fair market value of

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An appraisal, agreed to by the parties, indicated that the fair market value of the inventory was $320,000 and that the fair market value of the plant assets was $1, 425,000. The fair market value of the receivables is equal to the amount reported on the balance sheet. The agreed purchase price was $2, 300,000, and this amount was paid in cash to the previous owners of Huller Company. This is the only amount of goodwill cameo Muller's balance sheet. December 31, 2005 implied goodwill is $120,000. What is the amount of good will that impaired during 2005

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