Anton Company acquired the net assets of Hair Company on January 1, 20X1, for $569,000 Using a business valuation model, the estimated value of Anton Company was $489,000 immediately after the acquisition The fair value of Antons net assets was $518,000 What amount of goodwill was recorded by Anton Company when it acquired Hair Company Using the information above, answer the questions posed in the following two independent situations On December 31, 20X2, there were indications that goodwill might have been impaired At that time, the existing recorded book value of Anton Companys net assets, including goodwill, was $576,800 The fair value of the net assets, exclusive of goodwill, was estimated to be $473,000 The value of the business was estimated to be $549,000 Is goodwill impaired If so, what adjustment is needed On December 31, 20X4, there were indications that goodwill might have been impaired At that time, the existing recorded book value of Anton Companys net assets, including goodwill, was $672,000 The fair value of the net assets, exclusive of goodwill, was estimated to be $555,000 The value of the business was estimated to be $591,000 Is goodwill impaired If so, what adjustment is needed On December 31, 20X5, there were indications that goodwill might have been impaired At that time, the existing recorded book value of Anton Companys net assets, including goodwill, was $674,300 The fair value of the net assets, exclusive of goodwill, was estimated to be $576,000 The value of the business was estimated to be $598,000 Is goodwill impaired If so, what adjustment is needed

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Anton Company acquired the net assets of Hair Company on January 1, 20X1, for $569,000. Using a business valuation model, the estimated value of Anton

Anton Company acquired the net assets of Hair Company on January 1, 20X1, for $569,000. Using a business valuation model, the estimated value of Anton Company was $489,000 immediately after the acquisition. The fair value of Antons net assets was $518,000.

What amount of goodwill was recorded by Anton Company when it acquired Hair Company?
Using the information above, answer the questions posed in the following two independent situations:
1. On December 31, 20X2, there were indications that goodwill might have been impaired. At that time, the existing recorded book value of Anton Companys net assets, including goodwill, was $576,800. The fair value of the net assets, exclusive of goodwill, was estimated to be $473,000. The value of the business was estimated to be $549,000. Is goodwill impaired? If so, what adjustment is needed?
2. On December 31, 20X4, there were indications that goodwill might have been impaired. At that time, the existing recorded book value of Anton Companys net assets, including goodwill, was $672,000. The fair value of the net assets, exclusive of goodwill, was estimated to be $555,000. The value of the business was estimated to be $591,000. Is goodwill impaired? If so, what adjustment is needed?
3. On December 31, 20X5, there were indications that goodwill might have been impaired. At that time, the existing recorded book value of Anton Companys net assets, including goodwill, was $674,300. The fair value of the net assets, exclusive of goodwill, was estimated to be $576,000. The value of the business was estimated to be $598,000. Is goodwill impaired? If so, what adjustment is needed?