Bradley Co. purchased Cooper Co. for $700,000 on April 1 with 600,000 acquisitions for voting stocks out of Cooper's total 800,000 stocks. At that time, the FV of the net assets of Cooper & Co was valued at $600,000. It has been estimated that if Cooper & Co were to sell those assets in the market, a total of $400,000 would be generated after deducting $20,000 of selling costs. However, if Cooper & Co continues to use those assets, that would generate $500,000 of cash flows in the future. The fair value of the NCI is $100,000.

Required:

i. Compute goodwill at acquisition using both proportionate and full methods. [3]

ii. Conduct a review of impairment of goodwill and mention the outcomes clearly using both methods. [3]

please write with explanation