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Apollo Company, a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative assessment, one particular reporting unit, Stande, emerged
Apollo Company, a consolidated enterprise, conducted an impairment review for each of its reporting units. In its qualitative assessment, one particular reporting unit, Stande, emerged as a candidate for possible goodwill impairment. Stande had recognized net assets with carrying amounts totaling $1,266, including goodwill of $840. Standes reporting unit fair value is assessed at $1,168 and includes two internally developed unrecognized intangible assets (a patent and a royalty agreement with fair values of $244 and $87, respectively). The following table summarizes current financial information for the Stande reporting unit: Items Carrying Amounts Fair Values Tangible assets, net $ 95 $ 150 Recognized intangible assets, net 331 393 Goodwill 840 ? Unrecogn
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