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Computing Impairment of Intangible Assets Stiller Company had the following information for its three intangible assets. patent were $85,000. The fair value of the patent
Computing Impairment of Intangible Assets Stiller Company had the following information for its three intangible assets. patent were $85,000. The fair value of the patent was $75,000. segment for which the goodwill relates had a fair value of $580,000. The book value of the net assets of the segment (including goodwill) is $600,000, a. Classify each of the incangible assets above as a finite life intangible or an indefinice life intangible. no impairment was reported prior to Year 3. - Note: Round each of your answers to the nearest whole dollar. \begin{tabular}{l|r|r|} \hline Carrying value of patent, Dec. 31, Year 3, before impairment testing & $ & 133,333 \\ \hline Carrying value of trademark, Dec. 31, Year 3, before impairment testing & $ & 8,000 \\ Carrying value of gooctwill, Dec. 31, Year 3, before impairment testing & $ & 48,000 \end{tabular} impairment testing. - Note: Round each of your answers to the nearest whole dollar
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