1. Company "ABC" historically provided accounting disclosures reflecting operations as a "single reporting unit". The company had a "total enterprise" fair value of $10 billion. The balance sheet identified the carrying value of assets of $5 billion, including $2 billion in cash.

On January 1, "ABC" acquired "XYZ" for $1 billion, including $900 million paid in cash to the shareholders of the target, and $100 million in liabilities assumed by "ABC".

"XYZ" business was the distribution of "flavored vapes." Sales were derived exclusively from transactions within the State of New York.

Following the acquisition, the target company's assets were included in the "ABC" single reporting unit balance sheet. $600 million of the purchase prices was listed on the balance sheet as associated with various tangible and intangible assets categories. The residual $400 million of the purchase price was identified as goodwill.

Two months after the acquisition, news accounts reported the deaths of a number of users of the vape products. The State of New York banned the sales of "XYZ" products. These actions were considered to be a "trigger event."

The Total Enterprise Value of the operations of the historic "XYZ" entity subsequent to the trigger events was estimated to be zero. The $600 million in tangible and intangible assets associated with the acquisition of XYZ were tested for impairment and were written off.

The developments associated with XYZ products as well as the actions by the State of New York had no impact on the value of the operations of "ABC" that had existed prior to the acquisition of "XYZ." The Fair Value of the "ABC" Company was $9 billion reflecting the loss of value from the "failed" acquisition.

The carrying value of the assets after considering impairment of limited lived assets and indefinite lived assets was $4.4 billion, including the $400 million in goodwill from the "XYZ" acquisition. ABC is considering goodwill impairment.Provide a comment below re: the amount of goodwill impairment.

Provide a DETAILED comment below on the amount of goodwill impairment.