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Background Data: Newbloodformemory.com acquired totalrecall inc. in 2010 and has operated the acquired entity as a separate reporting unit since that time. There has been

  1. Background Data: Newbloodformemory.com acquired totalrecall inc. in 2010 and has operated the acquired entity as a separate reporting unit since that time. There has been a triggering event in 2019 and management is now considering impairment for 2019.

The book value, also known as the carrying value of the assets in the reporting unit, at the beginning and end of the year, prior to consideration of impairments, is listed below. All numbers in this table are in thousands, i.e. $106,000 in the table below means $106,000,000.

Provide a comment below to answer: Does the company have an impairment of goodwill for the year ended 12/31/19?

DATE

1/01/19

12/31/19

TOTAL CURRENT ASSETS

106,000

104,000

TOTAL TANGIBLES

121,000

117,677

SUBTOTAL

227,000

221,677

Software

46,000

34,500

Technology

75,000

65,790

Acquired IPR&D

18,000

0

Trade Name

59,000

59,000

Customer Base

93,000

77,120

Noncompete Agreement

8,000

5,330

IDENTIFIED INTANGIBLES

299,000

241,740

GOODWILL

105,570

105,570

TOTAL ASSETS

$631,570

$568,987

THIS IS ALL THE DATA PROVIDED FOR THE QUESTION.

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