Computation of Goodwill (part a) is already solved. Perform the impairment test for B & C along with account names & dates on the fourth chart

Chapter 12: Long-Term Operating Assets: Departures from Historical Cost 15. Gondwill Impairment. Brigatti Company pays 55,560,000 to ilcgtire 100% of the conetua stack of Corzush Incolporated. It assumes that Cornish's plant assets (sbch as the factory building and land? are unuletvaiued by S49,00.. The historical cost of the net ussets acquired, exciuding gondwill, is equal to $1,500,000. Comrist wii] be held as a division of Brigatti. The following information is avaidable i vear after he acquisition of the subsidiary cousary (t.e. the reportiug unit): Brigaut estimated the lair (apprisal) vilue of the division's ret assces (exoluding goodwill) 1y gear ailer the dale of acquisition at $1,6013,00. Required : a. Computc gocdwill recuild on the date of wey uisition. b. Detemuse whether gmondwill is impared assaning thal the tair wethe of the Cornish Divasin with goutwill 1 year after acyuistion is egual ta $2,000,000. Provide il : imptarment journil eatry. il' reeded. c. Determine whether gonderill is inipatred assomirer tbat the fair vilue of the (incish Distion with geadwill 1 yeur iffor acegisition is equaal to S1,618,hini. Prepure tle impionent jecoal eary, if reeded. a. b. Perform the impairment test Cnmoare the fair value of the reporting unit including goodwill to its book value including goodwill: 9 Hamirani 3311 Chapter 12: Long-Term Operating Assets: Departures from Historical Cost Perform the impairment test Compare the fair value of the reporting unit including goodwill to its book value including goodwill