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Destin Company recently acquired several businesses and recognized goodwill in each acquisition Destin has allocated the resulting goodwill to its three reporting units: Sand Dollar,
Destin Company recently acquired several businesses and recognized goodwill in each acquisition Destin has allocated the resulting goodwill to its three reporting units: Sand Dollar, Salty Dog, and Baytowne. Destin opts to skip the qualitative assessment and therefore performs a quantitative goodwill impairment review annually. In its current year assessment of goodwill, Destin provides the following individual asset and liability values for each reporting unit Carrying Amounts Fair Values Sand Dollar Tangible assets Trademark Customer list Goodwill Liabilities Salty Dog Tangible assets Uroetented technology Licenses Goow $ 269,000 213,000 138,75 184,800 (46,500) $281,500 183,100 149.950 (46,500) $ 241,000 215,000 110,50 200,75 $241,000 155,750 126,600 $ 155,00 Tangible assets Unpatented technology Copyrights Go ! 168.900 159,00 96,250 66,55e 122,800 The for values for each reporting unit including goodwill) are 5724,050 for Sand Dollar $733,350 for Salty Dog, and $721650 for Baytowne. To date, Destinhas reported no goodwill impairments Determine which of Destin's reporting units require both steps to test for goodwill impairment b. How much goodwill imporment should Destin report this year! Answer is not complete. Complete this question by entering your answers in the tabs below Rerede How much to impairment should Destin report this year? (If any of the reporting units do not require both steps to test select from the dropdown ist.) Suty Dog
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